May Rental Market Update
In the passing month, a total of 64 properties were leased during the period 1/05/21 to 31/05/21 by our Property Management team, an increase of 17 additional properties leased compared to May 2020. A steady flow of rentals continue to hit the market and tenant demand also continues to be strong with a solid increase on the volume or rentals...
Adrian Lieschke in Market Updates
Market Update | 12 & 13 June 2021
This Queen's Birthday long weekend saw street auctions return to Melbourne, albeit with a 50-person maximum capacity limit and mask-wearing and hand sanitising just part of the routine. Normally we may expect it to be much quieter, but after a two-week lock-down and travel restrictions remaining in place, there were some big auction results...
Rob Fletcher in Market Updates
2021 Winter Market Update
Well, the first day of the Winter selling season hasn't exactly started as we would have expected, with Victoria plunged into a fourth state-wide lockdown. What we do expect is, that after a brief pause in activity due to the current government restrictions, the property market will once again continue on the positive trajectory we have...
Sarah Lowry in Market Updates
Market Update | 22 & 23 May
We enjoyed a much more pleasant weekend weather-wise, on a busy auction Saturday which yielded some mixed results. The REIV recorded a clearance rate of 81 per cent, with most properties that sold under the hammer attracting 2-3 bidders each. Partner & Auctioneer, Steven Zervas fielded bids from three parties at the auction of 28 Sartori...
Rob Fletcher in Market Updates
Market Update | 15 & 16 May
A cold snap descended over much of the country over the weekend, and Melbourne was not immune as wintery conditions set in. Despite the chilly weather, auctions were still quite well attended, and the Fletchers Group achieved a solid clearance rate of 81 per cent. In property news, the Victorian government announced that those buying a home...
Rob Fletcher in Market Updates
Run-down Kew home with derelict kitchen and bathroom sells for $7.24 million – $1.7 million above reserve
Run-down Kew home with derelict kitchen and bathroom sells for $7.24 million – $1.7 million above reserve Brought to you by Domain - Rachel Wells Inside the derelict kitchen at 6 Edward Street, Kew which sold at auction for $7.24 million. A run-down Kew home with ripped-up linoleum floors, missing bathroom tiles and...
Sarah Lowry in Market Updates
April Rental Market Update
In the passing month, a total of 70 properties were leased during the period 1/04/21 to 30/04/21 by our Property Management team, an increase of 49 additional properties leased compared to April 2020. A steady flow of rentals continue to hit the market and tenant demand also continues to be strong with a solid increase on the volume or...
Adrian Lieschke in Market Updates
Market Update | 8 & 9 May 2021
We started the week with news from the Reserve Bank of Australia (RBA) that the official cash rate would be kept at 0.1%. RBA Governor, Philip Lowe said that the RBA board did not expect the required economic conditions to increase the cash rate would be met until 2024 at the earliest. The confirmation provides greater certainty for borrowers...
Rob Fletcher in Market Updates
Leasing Update | April 2021
Join Adrian Lieschke and Prue Fletcher as they take you through some of the latest news in Property Management. With several changes to key legislation and the COVID-19 eviction moratorium coming to an end in March, there has been a lot to take in for both renters and rental providers. It is promising to see a steady flow of rental...
Adrian Lieschke in Market Updates
Market Update | 24 & 25 April 2021
After some promising looking sunshine in the morning, it ended up being a chilly Autumn day in Melbourne on Saturday. Despite the cooler weather, Melbourne's property market was surprisingly buoyant, with strong results once again achieved under the hammer. Fletchers Balwyn North Director, Daiman Kane, commented that crowds and interest in...
Rob Fletcher in Market Updates
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