Market Update | 17 & 18 September 2022
It certainly felt like it was a return to winter over the weekend, with cold temperatures and periods of heavy rain lashing the state. On the property front, it was a bumper weekend of auctions, with 1,763 auctions scheduled to go under the hammer. According to Domain data, this was the highest number of properties scheduled for auction since...
Jeremy Desmier in Market Updates
Market Update | 10 & 11 September 2022
Auction numbers over the weekend were up nationally, with 1,577 properties scheduled to go under the hammer. This represents a 3.4 per cent lift on the volume auctioned last week. Despite the Reserve Bank of Australia continuing its inflation control measures with a fifth consecutive increase in the official cash rate, according to the Domain...
Jeremy Desmier in Market Updates
Market Update | 3 & 4 September 2022
The first weekend of Spring saw 1,516 auctions scheduled to go under the hammer across the capital cities, with volumes expected to increase as we move further into the popular selling season. We managed to stay mostly dry in the inclement weather, as we continued to see much greater levels of buyer confidence and willingness to bid. In...
Jeremy Desmier in Market Updates
Market Update | 27 & 28 August 2022
With the sun shining down, it certainly felt more like Spring weather in Melbourne over the weekend! Despite auction volumes increasing by 13.5% to 1,651 schedule auctions across the combined capitals, it did seem like buyers were much more willing to put their hand up to bid for properties they were interested in. The Fletchers Group was...
Jeremy Desmier in Market Updates
The Landscape Has Changed
When you think of an Auctioneer, in the past you would likely be picturing a well-spoken gentleman in a crisp suit, projecting a large, baritone voice whilst waving his hands high in the sky. Nonetheless, women around the world are tearing down these perceptions and glass ceilings with gavels of their own and at Fletchers, we are extremely...
Prue Fletcher in Market Updates
July Rental Market Update
In the passing month, a total of 43 properties were leased during the period 1/07/22 to 31/07/22 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
Market Update | 20 & 21 August 2022
Auction volumes across the combined capital cities increased by 9.5% to 1,448 scheduled for Saturday, the second consecutive week of an increase in volume. Despite the increased volume and cool weather, Melbourne’s auction clearance rate saw the biggest weekly increase among the capital cities, and the Fletchers Group was pleased to...
Jeremy Desmier in Market Updates
Market Update | 13 & 14 August 2022
Auction volumes across the combined capital cities increased by 8% to 1,324 scheduled for the weekend, continuing the upward trend seen in recent weeks. We enjoyed beautiful weather throughout most of the day until storms hit, as well as strong clearance for the Fletchers Group of over 80%. In the morning, Partner & Auctioneer, Steven...
Jeremy Desmier in Market Updates
Market Update | 6 & 7 August 2022
On the first auction weekend of August, we were treated to some brilliant winter weather – it was certainly nice to see some sunshine! In Burwood East, the three-bedroom home at 8 Bellevue Avenue was being offered for sale for the first time in 58 years. Well located around the corner from shops, transport and schools, auctioneer Steven...
Jeremy Desmier in Market Updates
Market Update | 30 & 31 July 2022
On the last auction weekend of July, auction volumes across the combined capitals increased for the third week in a row, to 1,508 properties going under the hammer. It was nice to see the sun shining, but we were reminded that winter is not yet over with the cold wind chill. In Mount Waverley, auctioneer Steven Zervas fielded bids from four...
Jeremy Desmier in Market Updates
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