Market Update | 17 & 18 February 2024
On a weekend that saw Melbourne gripped by Swiftmania, with an explosion of glitter, cowboy boots and friendship bracelets galore, the REIV recorded an auction clearance rate of 79%. The Fletchers Group was thrilled to achieve a 78% success rate for our clients. In Surrey Hills on Saturday, five bidders competed to secure the stylish...
Jeremy Desmier in Market Updates
Market Update | 10 & 11 February 2024
The summer weather didn’t disappoint over the weekend, with prospective buyers basking in the sunshine as they attended inspections and auctions. In Ashburton, two bidders competed to secure the stunning four-bedroom home at 3 Oliver Street. Freshly painted throughout, the elegant home boasts a sparkling pool and fun-filled...
Jeremy Desmier in Market Updates
Market Update | 3 & 4 February 2024
We were back into the normal swing of things over the weekend, with PropTrack records showing that 457 properties went under the hammer, with 71 per cent sold. It’s a small sign of what’s to come, with auctions scheduled in Victoria set to soar over the month, the volume this summer “rivalling the spring...
Jeremy Desmier in Market Updates
2023 Market Wrap & Looking Ahead to 2024
As another year draws to a close, it is interesting to look back and reflect on what happened in the property market over the last twelve months and look ahead and consider what 2024 may have in store. The strength and pace of Australia’s market rebound was a surprise to many in 2023, particularly given the consistent interest rate rises...
Sarah Lowry in Market Updates
Market Update | 16 & 17 December 2023
We finally saw an end to the recent wet weather on the last auction weekend of the year! Just over 1,000 auctions were scheduled across Melbourne, with the Domain Group recording a clearance rate of 59%. In Doncaster, we saw four bidders compete to secure the large, single-level home at 4A Marshall Avenue. On its own title, the home...
Jeremy Desmier in Market Updates
Market Update | 9 & 10 December 2023
As we inch closer to the end of the year, Melbourne experienced another weekend of wet weather, forcing most auctions indoors. This didn’t deter buyers however, particularly after a pre-Christmas reprieve from the Reserve Bank, with interest rates left on hold at their last meeting of 2023. Over 1,000 auctions were schedule in...
Jeremy Desmier in Market Updates
Market Update | 2 & 3 December 2023
The start of the summer season felt more like a winter’s day on Saturday, with unrelenting rain forcing most, if not all, auctions indoors and undercover. Whilst the weather conditions weren’t ideal, it didn’t seem to deter buyers, with the Fletchers Group achieving an 84% clearance rate for our clients. In Nunawading, five...
Jeremy Desmier in Market Updates
An Office to Call Home | Bundoora Grand Opening
We are thrilled to announce the official opening of our newest office in Bundoora. Led by leading agent, Tim Yu, the Fletchers Bundoora office is an exciting addition to our 103-year-old business. Located in the vibrant Polaris shopping centre and close to La Trobe University, our modern and bright office offers residents in...
Prue Fletcher in Market Updates
Market Update | 25 & 26 November 2023
On the last weekend of November, before summer and the festive season arrives, the Domain Group reported that over 1,000 properties were scheduled to go under the hammer. The Fletchers Group was thrilled to achieve an 87% success rate for our clients, compared to the 56% recorded by Domain. The increase in auction volumes across the country has...
Jeremy Desmier in Market Updates
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
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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!