What's happening in the market…

Melbourne achieved a decent clearance rate of 68.8% on the last major auction weekend of 2017! Although clearance rates in Melbourne haven't been quite as strong as the same time last year, The Domain Group highlighted how they have still exceeded those of Sydney's, which have been as low as 50%.

On behalf of the entire team at Fletchers, we wish you a very Merry Christmas and a fantastic New Year! We look forward to assisting you with all of your real estate needs in 2018.

Saturday 16 December
Number of auctions reported in Victoria: 887
Clearance rate: 68.8%

Auction highlights…

2/82 Doncaster Road, Balwyn North

A generous floorplan and superb northerly aspect enhance this refurbished, first floor apartment. Set at the front of a block of six, and located in the North Balwyn Village, this outstanding apartment will appeal for its position in the Balwyn High School Zone. Features include an exceptionally spacious living/dining room, a well-tended front garden, a light and fresh kitchen/meals area and a large double size main bedroom. Congratulations to the successful purchasers!

Number of bidders: 4
Sale price: $555,500

2/394 Mont Albert Road, Mont Albert

Boasting a desirable combination of easy ground floor living and the brilliance of a blue-ribbon locale close to everything, this inviting two bedroom apartment is placed within a classic and quiet block. Brightly lit and spaciously proportioned, solid brick walls embrace the lovely lounge/dining with balcony and the original kitchen/meals. Including a large bathroom with laundry facilities, split system air-conditioner and a single off-street car space, this is an outstanding investment or fabulous first home.

Number of bidders: 4
Sale price: $541,500

3 Darbyshire Road, Mount Waverley

Ready to delight, wonderfully spacious accommodation awaits behind the traditional image of this three bedroom double brick home. Enjoying northern sunshine in the deep backyard, there is impressive potential for the new home owners to renovate and extend upon the charming exterior, or use the substantial 780 sq m approx. block to construct a lavish dream residence (STCA). Features include a retreat, covered alfresco, gas ducted heating, elegant bathroom plus a second bathroom out behind the workshop and single garage.

Number of bidders: 4
Sale price: $1,240,000