26th August 2019 / Rob Fletcher: AUCTION SNAPSHOT | 24 & 25 August 2019

The REIV has reported a clearance rate of 81 per cent on the weekend, the highest rate it has been since April 2017 – with much less for sale. Close to 500 auctions were held, compared to over 800 over the same weekend last year.

With housing market sentiment much improved since the Federal election in May, two interest rate cuts and a regulatory move to relax lending standards, we look set to have a strong Spring selling season. The only component that has ostensibly been missing to date is a volume of sellers.

The Fletchers team achieved a strong auction success rate of 87.5 per cent over the weekend – the last auction weekend of Winter!

Our team at Fletchers Yarra Ranges had an outstanding result at the auction of the architecturally designed home at 64 Koala Street in Belgrave. In front of a huge crowd, four bidders competed to secure the impressive home, which sold under the hammer for $1,002,000.

Fletchers Blackburn Director, Rob Sheahan fielded bids from six parties hoping to secure the lovely three-bedroom home at 22 Betula Avenue in Nunawading. Well located within the Vermont Secondary College zone, the property sold under the hammer for $955,000.

Results. It's a Fletchers thing.