8th December 2020 / Rob Fletcher: Market Update | 5 & 6 December 2020

In an outstanding show of strength for our team, there was a weekend of widespread success for the Fletchers group after selling 100% of properties at auction on Saturday. Comparatively, the average clearance rate result achieved across Victoria sat at 80%, with 595 auctions reported across the state.

The news only got better as the weekend came to an end, with the Victorian government lifting restrictions on both auctions and open for inspections. As a result, open for inspections can now be held without the need for private appointments, with the maximum limits on the number of people attending auctions now removed.

According to Domain, 'real estate agents will still needs to adhere to the COVID-19-safe rule of having one person per two square metres in a home where they collect buyer details digitally, or one person per four square metres for those collecting them via pen and paper.'

In response, REIV President Leah Calnan welcomed the news, suggesting that there will be a portion of real estate agents who will continue to run private inspections and additional technology at auction.

'I'm confident we'll see the hybrid approach of using online and public auctions together continue. It means people can attend an auction from regional Victoria and sit and watch from home and vice versa,' she said.

In Fletchers news, our highest result over the weekend went to Director & Auctioneer, Ben Williams, of Fletchers Blackburn, who successfully sold 38 Landale Street in Box Hill under the hammer on Saturday. Originally listed on the market for $1,700,000, the designer-styled 1927 Californian Bungalow eventually sold for $1,810,000.

Success. It's a Fletchers thing.