5th August 2019 / Rob Fletcher: AUCTION SNAPSHOT | 3 & 4 August 2019

Results from the first auction weekend of August continued the current trend of clearance rates reaching above 70%, with the REIV reporting a 76% clearance rate from the 375 auctions called. Fletchers were thrilled to once again achieve a number of excellent results for our clients, with a success rate of 83% accomplished.

Domain economist Trent Wiltshire noted that Melbourne's overall clearance rate for the month of July was at its highest point since October 2017. With Spring just around the corner, we expect that in addition to improved market condition, we will also see the usual seasonal increase in volume.

Fletchers Partner, Steven Zervas conducted a spirited auction at 10 Loeman Court, Burwood East on the weekend. Packed with potential, the property attracted five bidders and sold for $1,052,000. The home was last sold in 1993 for just $117,000!

Alongside Rob & Nick Fletcher, Director Tim Heavyside sold both 1&2/6 Wilburton Parade in Balwyn North. The properties were offered both separately and with the option to buy both, in an extremely rare opportunity in the Balwyn High School zone. There was competitive bidding at both auctions, with both selling under the hammer (separately)!

Results. It's a Fletchers thing.

Results from the first auction weekend of August continued the current trend of clearance rates reaching above 70%, with the REIV reporting a 76% clearance rate from the 375 auctions called. Fletchers were thrilled to once again achieve a number of excellent results for our clients, with a success rate of 83% accomplished.

Domain economist Trent Wiltshire noted that Melbourne's overall clearance rate for the month of July was at its highest point since October 2017. With Spring just around the corner, we expect that in addition to improved market condition, we will also see the usual seasonal increase in volume.

Fletchers Partner, Steven Zervas conducted a spirited auction at 10 Loeman Court, Burwood East on the weekend. Packed with potential, the property attracted five bidders and sold for $1,052,000. The home was last sold in 1993 for just $117,000!

Alongside Rob & Nick Fletcher, Director Tim Heavyside sold both 1&2/6 Wilburton Parade in Balwyn North. The properties were offered both separately and with the option to buy both, in an extremely rare opportunity in the Balwyn High School zone. There was competitive bidding at both auctions, with both selling under the hammer (separately)!

Results. It's a Fletchers thing.