26th July 2021 / Rob Fletcher: Market Update | 24 & 25 July 2021

As we wait to hear whether lockdown restrictions will be lifted as planned this week, vendors planning an auction sale were once again required to make an important decision for their sales campaign. Sell prior, proceed to an online auction or push their auction date out in the hope of it being called out on the street. Our vendors opted for a mix of these choices as once again, they adapted to the conditions we have become so used to.

We started the week with an online auction on Monday evening for 3/289 Mont Albert Road in Surrey Hills. Four bidders competed for the newly renovated and extended two-storey home, with Auctioneer Tim Heavyside patiently fielding bids as the parties competed to get on top. The property went on to sell under the hammer, showcasing how comfortable both vendors and buyers have become with the online auction method of sale.

Also in Surrey Hills, the contemporary yet low-maintenance home at 1/291 Elgar Road sold prior to the scheduled online auction. Tim Heavyside and team worked alongside Ian van Eijk from the Blackburn office – their vendors are stoked with the result!

Nick Fletcher's vendor at 11 Mitchell Street in Richmond opted to sell prior as well, finalising the sale on Friday night. Renovated and extended, the single-fronted home offered the perfect configuration for young professionals.

We certainly hope that life will get back to something a bit more normal later this week and that inspections and on-site auctions will be able to resume. We will keep you up to date with the news as we have it. Stay safe!

Success. It's a Fletchers thing