Market Update | December 2019
It’s hard to believe we’re already at the end of the year! Tune in now with Fletchers Partner & Auctioneer, Stefan Cook, for a quick recap on the property market for 2019, tips for buying at auction before Christmas and some predictions for the New Year.
Stefan Cook in Market Updates
AUCTION SNAPSHOT | 30 November & 1 December 2019
Another weekend of strong auction results has consequently become Melbourne’s second-biggest auction weekend for 2019, proving the strong demand for properties is creating a sense of urgency amongst buyers. As the decade draws to a close, the strong performance of the market is likely to continue into the New Year as homeowners take...
Rob Fletcher in Market Updates
AUCTION SNAPSHOT | 23 & 24 November 2019
With a total of 486 properties selling at auction last weekend, the limited number of properties left for sale this year has seen buyers scramble to try and secure themselves a home before Christmas. So far this Spring, we’ve seen the effect of three interest rate cuts encourage buyers back into the market, with the REA Group...
Rob Fletcher in Market Updates
Are You Auction Fit For Christmas?
Cup Weekend has come and gone and all of a sudden, we find ourselves faced with the natural deadline that Christmas brings. But before the Eastern suburbs of Melbourne start to flock to either Peninsula for holidays, there is still plenty of business to take care of with only six Auction weekends remaining in this...
Prue Fletcher in Market Updates
AUCTION SNAPSHOT | 9 & 10 November 2019
With less than 2 months until Christmas, we’re encouraged to see another weekend of auction clearance rates sitting above 70%. The latest data from the REIV shows a significant improvement in clearance rates from this time last year, when they stood at a mere 50%. Delivering a total auction volume of $499 million and private sale volume...
Rob Fletcher in Market Updates
Market Update | November 2019
Spring has well and truly arrived in Melbourne. With that, current buyer and seller sentiment indicates the remainder of 2019 will be much more buoyant for the local property market. Please join Partner & Auctioneer, Stefan Cook, for an exclusive update on the property market for the Spring selling season.
Stefan Cook in Market Updates
AUCTION SNAPSHOT | 26 & 27 October 2019
The windy weather proved to be no deterrent from buyers who helped secure another solid weekend of auction results across Melbourne last Saturday. With 1067 auctions reported, this marks a significant increase from the 811 auctions that took place the weekend prior. Across the group, we saw a noteworthy 60% of Fletchers properties which sold...
Rob Fletcher in Market Updates
AUCTION SNAPSHOT | 19 & 20 October 2019
The latest data from the REIV has shown 14 consecutive weeks of auction clearance rates about 70 per cent across Victoria. Bringing in a total auction volume of $520 million, last weekend saw 652 properties go to auction and 180 properties sell via private sale. At present, vendors now have their property on the market for an average...
Rob Fletcher in Market Updates
Auction Snapshot | 12 & 13 October 2019
Auction numbers have continued to perform well this month, with clearance rates finishing up at 77% last weekend. The favourable weather on Saturday saw 708 properties go to auction, marking a slight increase from the 675 auctions that took place the weekend prior. With similar levels of competition expected in the coming weeks, buyers...
Rob Fletcher in Market Updates
AUCTION SNAPSHOT | 5 & 6 October 2019
With the Spring selling season off to a strong start, many agents are feeling renewed confidence in Melbourne’s property market, which seems to be making a resurgence from the 2017-19 downturn. Following the Grand Final long weekend, auction volumes bounced back last Saturday, with the REIV reporting 573 scheduled auctions and a...
Rob Fletcher in Market Updates