9th November 2020 / Rob Fletcher: Market Update | 7 & 8 November 2020

After achieving another 100% auction clearance rate for the second weekend in a row, our Fletchers agents are showing no signs of slowing down as the market continues to heat up leading into Christmas.

'The market is now showing great resilience after so much uncertainty during stage 4 lockdown,' Partner & Auctioneer, Steven Zervas remarked.

Complemented by an abundance of activity and strong demand for property across Victoria, the recent announcement from Premier Dan Andrews on removing both the 'ring of steel' and 25km travel limit are set to open new opportunities for the backlog of buyers and sellers looking for a lifestyle change.

In a recent article from Brokernews.com.au, many are now questioning whether COVID-19 has changed real estate forever, with many Australians now reassessing their lives, locations and lifestyles.

'Traditionally, millions of people have chosen to live in areas that didn't necessarily deliver their ideal lifestyle, but did provide convenience. Moving forward, many people will cease their daily commute and live in an ideal location and enjoy an effective work routine without the stress-inducing travel,' the article stated.

In Fletchers news, high levels of auction activity on Saturday saw bidders competing against one another in droves. Our highest sale for the weekend was delivered by Senior Associate, Rino Presutto of Fletchers Balwyn North, who proudly sold 2 Echo Avenue in Balwyn North under the hammer for $2,275,000. Originally on the market for $2,200,000, the 4 bidders on the day helped push the sale price $75,000 beyond reserve.

Success. It's a Fletchers thing.