Market Update | 18 & 19 November 2023
The REIV reported a clearance rate of 73% on the weekend, compared to 64% at the same time last year. We are approaching the end of the year at a rapid pace, with just four auction weekends left for 2023. Many buyers are still keen to secure a property before the end of the year, with strong competition seen for several properties. Over the...
Jeremy Desmier in Market Updates
Market Update | 11 & 12 November 2023
Auction activity was back after a quiet weekend due to the Melbourne Cup unofficial long weekend, although we did pause at 11am to observe a moment of silence for those who died in wars and conflict for Remembrance Day. A rise in new property listings in October has left buyers with more choices ahead of the holiday season, as many look...
Jeremy Desmier in Market Updates
Market Update | 4 & 5 November 2023
It was a quieter auction weekend due to the Melbourne Cup public holiday on Tuesday, although there were plenty of buyers out and about at open for inspections, enjoying the sunshine. The REIV reported a clearance rate of 68%, on a very low 268 auctions reported. The Art Deco, three-bedroom home at 14 Inverness Way in Balwyn North located in...
Jeremy Desmier in Market Updates
Market Update | 28 & 29 October 2023
The final auction weekend of October was a super one, with the REIV expecting approximately 1,870 auctions to be called. In fact, the Domain Group reports that it was the biggest auction week of the year, with a preliminary clearance rate of 67% recorded. Agents have commented that confidence from buyers is still up, despite predictions of...
Jeremy Desmier in Market Updates
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
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