Market Update | 13 & 14 July 2024
The winter school holidays finished up over the weekend, with a cooling effect on auction numbers with just 1,478 properties auctioned across the combined capitals. Melbourne did record its second strongest early clearance rate of the year, with 73% of the 609 homes auctioned returning positive outcomes, as recorded by CoreLogic. AMP Chief...
Jeremy Desmier in Market Updates
Market Update | 6 & 7 July 2024
We enjoyed a weekend of crisp winter weather, and a strong clearance rate of 80% for the Fletchers Group. Auction volumes are low due to the school holidays, with 1,747 auctions recorded across the country - the lowest count since the King's Birthday long weekend in June. We saw three bidders compete to secure the charming, three-bedroom...
Jeremy Desmier in Market Updates
Market Update | 29 & 30 June 2024
We endured an artic-like weekend of weather as auction numbers fell for the last week of the financial year. There were 862 auctions held in Melbourne, with CoreLogic recording a preliminary clearance rate of 68.2%. Over the weekend most auctions were held indoors, due to the wet weather. We still saw three bidders compete to secure the light...
Jeremy Desmier in Market Updates
Market Update | 22 & 23 June 2024
Across Melbourne, there were 920 homes taken to auction, compared to 1,083 the previous week and 744 a year ago. CoreLogic reports that Melbourne's preliminary clearance rate came in at 72.9%. This is the second highest preliminary clearance rate so far this year, behind the week ending 11 February. Over the weekend, two bidders competed to...
Jeremy Desmier in Market Updates
Market Update | 15 & 16 June 2024
We were relieved that the sun came out over the weekend, as temperatures are certainly dropping to wintery levels! The Domain Group recorded a clearance of 61% from 753 auctions reported on the weekend. In Malvern, the beautiful three-bedroom Victorian home at 36 Glendearg Grove boasts a stunning renovation and two living zones, attracting...
Jeremy Desmier in Market Updates
Market Update | 8 & 9 June 2024
It was a quiet weekend due to the King's Birthday public holiday, with auction numbers reduced to the lowest volume held in a week since Easter. The preliminary clearance rate recorded by CoreLogic was 63.2% from approximately 468 auctions. In Nunawading, we saw three bidders compete to secure the stylish single-level home at 3/16...
Jeremy Desmier in Market Updates
Market Update | 1 & 2 June 2024
The first auction weekend of Winter brought the wind chill factor and another strong industry clearance rate of 65%, as reported by Domain. We saw three bidders compete to secure the pretty three-bedroom plus study home at 35 Rowen Street in Glen Iris. In a highly sought-after neighbourhood, the property was sold under the hammer by...
Jeremy Desmier in Market Updates
Market Update | 25 & 26 May 2024
The last auction weekend of the Autumn selling season saw another beautiful, crisp Melbourne day and the Fletchers Group was thrilled to achieve another strong clearance rate of 83% for our clients. In Mont Albert North, five bidders competed to secure the classic, four-bedroom weatherboard home at 22 Tyrrell Street. In a cherished pocket...
Jeremy Desmier in Market Updates
Market Update | 18 & 19 May 2024
We were thankful that the sun was shining on Saturday, as temperatures in Melbourne were quite chilly over the weekend. The cool weather didn't deter prospective buyers, with the Fletchers Group thrilled to record a 94% clearance rate for our clients, with several auctions extremely well attended, with multiple bidders in competition. In...
Jeremy Desmier in Market Updates
Market Update | 11 & 12 May 2024
We were treated to another stunning display of Autumn weather in Melbourne as we enjoyed another busy Saturday in real estate, then an enjoyable Sunday celebrating the women in our lives for Mother’s Day. Whilst the Domain Group recorded a clearance rate of 58% for Melbourne, the Fletchers Group was thrilled to achieve a strong 86%...
Jeremy Desmier in Market Updates
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Market Update | 30 November 2024 December 3rdThe Spring selling season has officially come to an end and now we look forward to a few more auction weekends before a...
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Market Update | 23 & 24 November 2024 November 26thWe absolutely sweltered over the weekend, with temperatures in Melbourne well over 30 degrees!