24th June 2019 / Rob Fletcher: AUCTION SNAPSHOT | 22 & 23 JUNE 2019

After exceeding the industry average clearance rate by 10% this week, the Fletchers team achieved a fantastic outcome for its auctions across Melbourne, clearing more than 80% of properties over a cold, yet successful weekend.

While we are seeing as many as three to five bidders per auction, many agents and auctioneers have been reporting lower levels of stock currently on the market, creating a highly competitive auction environment for prospective buyers.

In response, Domain Economist, Trent Wilshire, said 'clearance rates over recent weeks are now at the highest point in over a year, so activity has definitely picked up. There's more buyer interest and activity, with lower interest rates a key driver.'

In Fletchers news, 5-bedroom Californian Bungalow was a stand-out at auction over the weekend. Providing a private retreat from the hustle and bustle of everyday life, the timeless home offers its new residents an attractive dining and family room with open fireplace, solar-heated pool and fully tiled vogue ensuite. Congratulations to Tim Heavyside and his team on the fantastic result.

Results. It's a Fletchers thing.