Market Update | 17 & 18 April 2021
It was another 'Super Saturday' of sales over the weekend, with more than 1,000 auctions held. The Domain Group reported a clearance rate of 74.5 per cent, observing that renovators and builders were among the big buyers across the weekend. Australian housing values are surging at their fastest rate in 32 years, with residential...
Rob Fletcher in Market Updates
March Rental Market Update
In the passing month, a total of 57 properties were leased during the period 1/03/21 to 31/03/21 by our Property Management team, an increase of 7 additional properties leased compared to March 2020. A steady flow of rentals continue to hit the market and tenant demand also continues to be strong with a solid increase in the volume of rentals...
Adrian Lieschke in Market Updates
Market Update | 10 & 11 April 2021
The first post-Easter auction weekend saw approximately 900 properties scheduled to go under the hammer. The weather conditions were more akin to a winter's day, with temperatures much cooler and plenty of rain falling. This didn't seem to deter buyers though, with the REIV reporting a clearance rate of 80 per cent. The Fletchers...
Rob Fletcher in Market Updates
Market Update | 3 & 4 April 2021
We had a quieter weekend due to the Easter break, after a strong finish to the first quarter of the year with one the busiest auction days on record. The Domain Group reports that the number of property listings on the market slumped in the run-up to Easter, leading to fears that home prices will surge further as demand continues to outpace...
Rob Fletcher in Market Updates
February Rental Market Update
In the passing month, a total of 72 properties were leased during the period 1/02/21 to 28/02/21 by our Property Management team, an increase of 14 additional properties leased compared to February 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 | 13 & 14 March 2021
Melbourne’s rainy weather proved no deterrent for buyers at auction over the weekend, with exceptional results achieved across all suburbs and prices ranges. Culminating in a stunning outcome for the Fletchers Group, 28 out of 29 properties were sold across our network on Saturday, resulting in an auction clearance rate of 96.55%. In...
Rob Fletcher in Market Updates
Seven Signs The Australian Property Market Is Going Gangbusters Right Now
Seven signs the Australian property market is going gangbusters right now Brought to you by Realestate.com.au - Kristen Craze Aussies have always loved bricks and mortar but throw in a global pandemic, a ban on international holidays and a lockdown-induced desire for more space and it’s no wonder housing has become a very hot...
Residential Tenancies Regulations 2021
Residential Tenancies Regulations 2021 On Monday 29th March 2021, the State Government will be introducing the biggest rental reform in Victoria’s history. Updates to the legislation form part of more than 130 rental reforms, with the new measures ensuring that every rental property meets basic minimum standards. At Fletchers...
Prue Fletcher in Market Updates
Market Update | 6 & 7 March 2021
Melbourne’s auction market continued to achieve solid results well over the Labour Day long weekend, with 84% of properties sold at auction, the same figure as the week prior. Last month, news that Australia had experienced the fastest growing property prices in almost two decades made headlines across the country, with both capital...
Rob Fletcher in Market Updates
Australian Housing Market Rises At Its Fastest Rate In 17 Years Over February
Australian housing market rises at its fastest rate in 17 years over February Brought to you by Domain - Tawar Razaghi Australian property values grew at their fastest rate in 17 years over February, with every capital city rising due to government stimulus, improving economic conditions and the limited number of homes on the...
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