27th April 2020 / Rob Fletcher: AUCTION SNAPSHOT | 25 & 26 April 2020

With ANZAC Day services conducted remotely this year, Australia's most significant day of remembrance offered the opportunity for Australians to come together and pay their respects in new and unusual ways.

For many, lighting a candle in the street and tuning into The Last Post via radio or livestream was a favourable way to mark the occasion. For others, it meant bringing the family together and baking ANZAC Day Biscuits for all to enjoy. At the behest of Director & Auctioneer, Rod Burton, Fletchers was honoured to host our livestream memorial on Facebook at @FletchersRE at 11am last Saturday.

'I don't have a military background, but what I do have is respect for those brave men and women who made the ultimate sacrifice, for those who have served, and of course, for those who are currently serving. Despite our current situation, as a country, we will not let this day pass us by without acknowledgement.'

Together, Fletchers would like to thank Rod for his service.

In times like these, the ability to adapt to new circumstances has seen our communities and industries work together to achieve the best outcomes for our friends, families, clients and colleagues. At Fletchers, we're proud to pioneer the digital landscape and offer new and innovative ways to connect people with properties.

Whether it's booking a Virtual Appraisal, watching a Livestream Inspection or attending an Online Auction, our vast pool of resources have helped buyers and sellers realise their property goals as we move through the current health and economic crises.

As we look to the future, new data shows that Melbourne's property market is expected to rebound strongly as restrictions ease. Prior to the COVID-19 outbreak, Victoria achieved record-breaking growth for the March quarter, which saw house prices rise 2 per cent and median house values reach $918,350.

In response, REIV President, Leah Calnan, said 'Real Estate had a strong start to 2020; property values have reached new heights across the state during January, February and March. Our industry is strong and we will survive Coronavirus. The desire for Victorian real estate is high and when this is over we look forward to more fantastic results.'

In the meantime, it seems that upsizers and first-home buyers are keeping the industry on its feet, with buyers taking advantage of the slowdown in order to either upgrade or enter the market for the first time.

'Listing numbers are putting a floor underneath prices because there are fewer, so there may be more competition for properties keeping prices steady. It does make upsizing more affordable. It helps people get onto the property ladder too,' said Domain Senior Research Analyst, Nicola Powell.

For any advice on selling in the current market, please contact your local Fletchers agent to discuss.