Market Update | 21 & 22 October 2023
After a couple of summer-like days at the end of the working week, it suddenly felt like a return to winter as we woke up on Sunday. Thankfully, it was relatively mild on Saturday, as the Domain Group reported a preliminary clearance rate of 64% from the 955 auctions scheduled. The Fletchers Group was thrilled to achieve a success rate of 74% for...
Jeremy Desmier in Market Updates
Market Update | 14 & 15 October 2023
It was a rather dreary weekend in Melbourne, weather-wise, as just a few glimpses of sunshine here and there. Across the country, many “democracy sausages” were enjoyed as we had our say for the referendum and, in terms of auction day, the Domain Group reported a 63% clearance rate in Melbourne, compared to 61% at the same time last...
Jeremy Desmier in Market Updates
Market Update | 7 & 8 October 2023
The REIV recorded a 78% clearance rate over the weekend, compared to 69% at the same time last year. The Fletchers Group was thrilled to achieve an 87% success rate for our clients, for the first auction weekend of October, which will be a very busy auction month. At auction this weekend, we are seeing that if properties aren't selling...
Jeremy Desmier in Market Updates
Market Update | 30 September 2023
We enjoyed stunning weather over the weekend, as auction activity took an expected pause due to the AFL Grand Final long weekend. It is hard to believe that we are already into the second month of the Spring selling season! The REA Group reports that Australian homes have never been more expensive, with new data showing the national median...
Jeremy Desmier in Market Updates
Market Update | 23 & 24 September 2023
We were treated to an absolutely stunning display of Spring weather over the weekend, with approximately 726 properties going for auction. The clearance rate reported by the REIV was 76%, compared to 80% at the same time last year. The Spring selling season is well under way, with more choice available for buyers, who have had limited options...
Jeremy Desmier in Market Updates
Market Update | 16 & 17 September 2023
We enjoyed stunning Spring weather over the weekend, as approximately 858 properties went up for auction in Melbourne. The Domain Group reports a clearance rate of 63%, compared to 59% at the same time last year. A number of buyers are now feeling the pressure to secure a home before Christmas, as the year rapidly pushes to a close. Whilst...
Jeremy Desmier in Market Updates
Market Update | 9 & 10 September 2023
The Spring selling season is well underway, with the REA Group reporting a strong preliminary clearance rate of 69.5% for the third Super Saturday in a row for Victoria. The Fletchers Group was thrilled to achieve an 84% success rate for our clients. New Domain data reveals the clearance rate – the proportion of advertised homes...
Jeremy Desmier in Market Updates
Market Update | 2 & 3 September 2023
The first auction weekend of Spring saw more than 2,400 homes scheduled to go under the hammer across the country. Melbourne saw a 24% rise year-on-year, with 961 properties set for auction. The weather didn’t disappoint, with the beautiful Spring sunshine sticking around for Father’s Day on Sunday. PropTrack economist, Anne...
Jeremy Desmier in Market Updates
Market Update | 26 & 27 August 2023
The final auction weekend of Winter saw a buzz of activity at several auctions, with the mild weather giving us a glimpse of what’s to come with Spring just around the corner! The REA Group reports that sellers are making a comeback after months of holding back, amid expectations that interest rates are either at, or are near their peak...
Jeremy Desmier in Market Updates
Market Update | 19 & 20 August 2023
It has been a very busy month in real estate, with rising home prices and stabilising interest rates boosting confidence amongst vendors, triggering an early increase in listing months ahead of Spring. The unseasonal increase in supply has meant that buyers have become spoilt for choice, particularly coming off a period of low stock...
Jeremy Desmier in Market Updates
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