Market Update | 4 & 5 June 2022
The brisk weather over the weekend reminded us that Winter had officially arrived, as over 2,100 auctions were scheduled across capital cities. Whilst there are still some properties being sold under the hammer with multiple bidders competing, REIV President, Richard Simpson, noted that more buyers were attempting to score properties after...
Jeremy Desmier in Market Updates
Market Update | 28 & 29 May 2022
The last auction weekend of Autumn saw over 2,600 properties scheduled to go under the hammer across the capital cities, a big increase from the previous weekend due to the Federal election. The attractive three bedroom plus study home at 1/17 Bowen Street in Kew attracted multiple bidders after a strong campaign. Tucked peacefully within a low...
Jeremy Desmier in Market Updates
Market Update | 21 & 22 May 2022
With the Federal election done and dusted, we can now look forward to what the result will mean to the real estate industry. Labor leader, Anthony Albanese, will be sworn in as the 31st Australian Prime Minister this week. With housing affordability a major topic, the incoming Labor government has promised to enact a ‘Help to...
Jeremy Desmier in Market Updates
April Rental Market Update
In the passing month, a total of 38 properties were leased during the period 1/04/22 to 30/04/22 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 | 14 & 15 May 2022
It was a cooler start to this weekend’s Auction timetable, with just over 802 properties going under the hammer, we witnessed only a slight dip in Victorian clearance rates (71%) a positive sign in the shadow of a looming federal election. News headlines are often so focused on the negative narrative when it comes to the price...
Jeremy Desmier in Market Updates
Market Update | 7 & 8 May 2022
The first auction weekend of May offered cool but beautiful Autumn weather in Melbourne, with just over 1,100 properties scheduled to go under the hammer. With all the media coverage on the Reserve Bank’s decision last week to raise the official cash rate by 0.25%, it was pleasing to still see strong, determined bidding from buyers at...
Jeremy Desmier in Market Updates
Market Update | 30 April & 1 May
After a quiet weekend due to ANZAC Day, auction numbers were up by 52.4% across the country, with 2,200 auctions scheduled in the capital cities. The Fletchers Group was thrilled to achieve an auction clearance rate of 75%, despite the intense media scrutiny on the impact of an expected imminent rise in the official cash rate. In Bulleen...
Jeremy Desmier in Market Updates
Market Update | 23 & 24 April 2022
We saw low auction volumes this week compared to the first quarter of 2022, due to ANZAC Day. However, they have bounced back strongly despite the long weekend in an impressive amount of auction activity. Over the weekend, the Fletchers Group achieved a clearance rate of 75% on what turned out to be a gorgeous Autumn day in...
Jeremy Desmier in Market Updates
Market Update | 16 & 17 April 2022
The property market has taken a brief pause due to the Easter long weekend, with just 146 auctions scheduled across capital cities. The Domain Group reports that once again, the rate of sold prior auctions has seen another rise nationally, indicating that vendors are keen to sell their properties while prices are close to peak and before...
Jeremy Desmier in Market Updates
March Rental Market Update
In the passing month, a total of 83 properties were leased during the period 1/03/22 to 31/03/22 by our Property Management team. We are seeing a steady flow of new rentals continuing to hit the market with a solid increase on the volume or rentals leasing in Melbourne's outer east. As such vacancy rates are now on the steady decline and...
Adrian Lieschke in Market Updates
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