Market Update | January 2023
It’s hard to believe but summer holidays are coming to an end, the Australian Open is done and dusted for another year, and thousands of children are heading back to school. The biggest talk in property last year was, of course, the increase in the official cash rate – from 0.1% throughout most of the pandemic, to 3.1% between May...
Jeremy Desmier in Market Updates
2022 End of Year Market Wrap
As the year comes to an end, it's a great opportunity to reflect on what has happened in the property market, and consider what we can expect for the new year ahead. The REA Group reports that in 2021, national property prices had increased by 22.8% year-on-year, although price growth had started to slow. Inflation was looming but not seen...
Sarah Lowry in Market Updates
Market Update | 17 & 18 December 2022
The last auction weekend for 2022 saw the sun shining brightly, and buyers out in force – keen to secure a sale prior to Christmas. The Fletchers Group was thrilled to achieve a 92% success rate for our clients. In Balwyn North, five bidders competed to secure the immaculately maintained, three-bedroom home at 29 Sutton Street. Boasting...
Sarah Lowry in Market Updates
Market Update | 10 & 11 December 2022
Auction activity was expected to rise for the fifth consecutive week across the country as the summer selling season gains momentum, according to CoreLogic. Volume is up 7.2 per cent from last week, with 2,719 homes expected to go under the hammer across the country. This was the busiest auction weekend for Melbourne since mid-June this year...
Jeremy Desmier in Market Updates
Market Update | 3 & 4 December 2022
We finally got a taste of summer over the weekend, with temperatures over 30 degrees on both Saturday and Sunday. According to the Domain Group, auction volumes across the combined capital cities increased by 4.8% to 1,974 properties scheduled to go under the hammer, the highest volumes since June. The Fletchers Group was thrilled to achieve an...
Jeremy Desmier in Market Updates
November Rental Market Update
In the passing month, a total of 66 properties were leased during the period 1/11/22 to 30/11/22 by our Property Management team. We are seeing very low levels of stock currently, with reduced time on market for well-priced properties, and renter demand remaining strong in Melbourne's outer east. Vacancy rates have now been on the steady...
Adrian Lieschke in Market Updates
Market Update | 26 & 27 November 2022
As Victorians voted on Saturday, there was expected to be just over 1,000 auctions called in the state, with 2,465 homes in total going under the hammer across the country (up 7.3 per cent from the previous weekend). The political result yielded a win for the Andrews Labor government, despite a swing against the party across the state. On the...
Jeremy Desmier in Market Updates
Market Update | 19 & 20 November 2022
As we endured a day of typical Melbourne weather (rainy one minute, sunshine the next), auction volumes across the combined capitals increased by 6.2% to 1,844 properties scheduled to go under the hammer. This was the highest volume since June, and Melbourne also saw an improvement in clearance rates, sitting at 62%, reported by Domain. The...
Jeremy Desmier in Market Updates
Market Update | 12 & 13 November 2022
We had higher temperatures, a higher pollen count, and a higher number of auctions scheduled over the weekend, with volumes across the combined capitals increasing by 10.4% to 1,742 properties going under the hammer. In Box Hill North, four bidders competed to secure the classic 1930’s weatherboard home at 110 Clyde Street. Owned by the...
Jeremy Desmier in Market Updates
October Rental Market Update
In the passing month, a total of 56 properties were leased during the period 1/10/22 to 31/10/22 by our Property Management team. We are seeing a steady flow of new rentals continuing to hit the market with reduced time on market with renter demand remaining strong in Melbourne's outer east. Vacancy rates have been on the steady decline...
Adrian Lieschke in Market Updates
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A Home for Modern Children November 19thIn today's fast-paced, hyper-connected world, the age-old adage "There's no place like home" holds...
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Market Update | 16 & 17 November 2024 November 19thAuction activity continued to ramp up over October, with the weekly auction count by CoreLogic exceeding the 3,000 mark...