18th October 2021 / Rob Fletcher: Market Update | 16 & 17 October 2021

We received some welcome news over the weekend, with Premier Daniel Andrews announcing that restrictions are set to ease in Victoria from 11:59 pm this Thursday. With 70% of the eligible population vaccinated, the curfew will be lifted and restrictions on leaving your home removed.

In terms of real estate, private inspections will remain in place until the next vaccination milestone of 80% vaccination is reached (expected to be in the first week of November). Real estate offices will remain closed, but on-site auctions are permitted, with a maximum cap of 50 vaccinated attendees, outdoors. Masks are here to stay, for the time being required both indoors and outdoors for all Victorians.

During the week, a number of online auctions were scheduled, yielding fantastic results for our vendors. Some of the highlights included the mid-week auction of 52 Kitchener Street in Box Hill South. The beautiful four-bedroom home, zoned for Box Hill High School attracted a total of four bidders, however, it was whittled down to two extremely keen parties who sought to call the property home. Auctioneer Tim Heavyside finally knocked the property down as sold at $2,055,500.

The auction of 4/51 Wandsworth Road in Surrey Hills was another online tug-of-war between two parties, trading bids to secure the single-level, three-bedroom home. With its own street frontage and within walking distance to shops, schools, and public transport, it was no surprise that the bidders didn't want to let this one go! Of course, there can only be one winner, and the property was knocked down to the successful bidder.

Over the weekend, the lovely family home at 28 Currajong Avenue in Camberwell attracted four bidders. In the treasured Sunnyside Estate, the home boasts an expansive single-level design featuring multiple living zones. The property went on to sell under the hammer for $3,465,000.

We expect that this weekend will be a mix of on-site and online auctions, so please check in online and with your local Fletchers agent to keep up to date with any properties you're interested in.

Stay safe and be well!