2nd December 2019 / Rob Fletcher: AUCTION SNAPSHOT | 30 November & 1 December 2019

Another weekend of strong auction results has consequently become Melbourne's second-biggest auction weekend for 2019, proving the strong demand for properties is creating a sense of urgency amongst buyers.

As the decade draws to a close, the strong performance of the market is likely to continue into the New Year as homeowners take advantage of low interest rates and renewed levels of buyer demand.

With economists referring to the recent surge in house prices as a 'mini boom' for the industry, positive market conditions combined with the resurgence in investor activity point towards a much healthier landscape for the property market in 2020.

REIV President, Leah Calnan, said 'it's important to look at how the long term market is trending. The Victorian real estate sector has demonstrated long term growth and stability. In signs of an improving market, we are again seeing increasing demand from interstate and international purchasers.'

In Fletchers news, 8/26-28 Barnsbury Road in Deepdene proved to be a hot commodity among buyers, with a formidable 6 bidders participating at auction last Saturday. The charming three bedroom villa presented an astute market entry opportunity for first home buyers, featuring brand new carpets, a refreshed kitchen and open meals area. Congratulations to Fletchers Director & Auctioneer, Jeremy Desmier, and his vendors on the successful outcome.

Results. It's a Fletchers thing.