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Fletchers Group News Updates

The following are category results:

Auction Snapshot: Saturday 16 September

September 18th 2017

What’s happening in the market…

On Saturday, Melbourne had an average auction price of $881,000. The Domain Group stated, “the best results for sellers are occurring in the affordable outer suburbs. In higher-priced areas closer to the CBD, the market is more balanced and buyers are exercising greater market power.”

Saturday 16 September
Number of auctions in Victoria: 1,066
Clearance rate: 76%

The same weekend last year
Clearance rate: 79.5%

Auction highlights…

7 Wandsworth Road, Surrey Hills

A beautiful Edwardian profile with high-quality contemporary spaces, this four bedroom plus study residence is situated in an extremely popular family precinct. The new home owners will enjoy being able to walk to Chatham Primary School, tram, train and cafes, while being close to prestigious private schools. Features include an expansive design, lush garden, alfresco area, meals and chef’s kitchen with Miele appliances, butler’s pantry and long granite benches. 

Number of bidders: 7
Sale price: $3.851 million

15A James Avenue, Mitcham

Featuring flawless workmanship throughout and a floorplan that’s both clever and practical, this sparkling renovation will impress you from entry to exit. The home is beautifully presented throughout, with Eastland, Eastlink, Costco and Heatherdale/Ringwood train stations minutes away and only a 30 minute drive to Yarra Valley wineries. Congratulations to the vendor and purchasers on a fantastic result!

Number of bidders: 3
Sale price: 
$910,000

72 Lechte Road, Mount Waverley

This original home has been extended over time and still presents an exceptional family living and entertaining environment. The outstanding potential of a corner block to modernise or rebuild  (STCA) will capture the attention of family purchasers and building professionals. The home is in the Mount Waverley Secondary College Zone just a short walk from the school, and an easy distance from Mount Waverley North Primary School, High Street Road bus, Mount Waverley Station and Hamilton Place shops. It achieved a fantastic result at auction with five keen bidders on the day.

Number of bidders: 5
Sale price: 
$1.412 million

Auction Snapshot: Saturday 9 September

September 11th 2017

What’s happening in the market…

“Dozens of auctions in Melbourne at the weekend saw a drop-off in bidder participation rates but the percentage of properties that sold under the hammer stayed high,” The Domain Group stated.

Domain also highlighted that the outer east suburbs of Melbourne achieved the highest clearance rate, whereas the south-east had a weaker result than usual.

Once again, the Reserve Bank of Australia has decided to leave the cash rate at 1.5%, unchanged since August 2016.

Saturday 9 September
Number of auctions in Victoria: over 900
Clearance rate: 73.1%

The same weekend last year
Clearance rate: 78.4%

Auction highlights…

21A Glen Road, Ashburton

Architect-designed, this four bedroom residence sets a new benchmark for contemporary family living and extravagant entertaining. Features include an under-cover alfresco area, infinity pool, Miele kitchen and butler’s pantry, fully-fitted cinema and a three car garage. The lucky new home owners will enjoy a perfect location within walking distance to trains, Solway Primary and Gardiners Creek.

Number of bidders: 2
Sale price: Undisclosed

12 Stanley Street, Box Hill South

A prime investment opportunity or as a consistent source of cash-flow returning approximately $98,300 p.a. gross, this block of seven apartments boasts extremely low vacancy rates. Set on a quiet street with easy access to the supermarket, Aqualink, Box Hill’s shopping district and job opportunities for tenants, there is huge scope to redevelop this site and build multiple townhouses (STCA).

Number of bidders: 9
Sale price: 
$2.246 million

327 Hull Road, Mooroolbark

Near Red Earth Community Park, this single-level brick veneer house occupies a block of 862 sq m approx. and presents opportunities for the first homebuyer, young family or those seeking to add value through subdivision (STCA). The light-filled home retains its original hardwood floors and an open fireplace, renovated to feature a fresh bathroom and modern, stainless steel-appointed kitchen. Congratulations to the vendor and successful purchasers!

Number of bidders: 3
Sale price: 
$720,000

Auction Snapshot: Saturday 2 September

September 4th 2017

What’s happening in the market…

Melbourne achieved a median price of $850,000 at auctions on Saturday, which resulted in $396.8 million of property being sold under the hammer, reported The Domain Group.

Domain also reported that 900 homes are expected to go to auction next weekend, which is expected to rise to 1,100 by mid-September.

Saturday 2 September
Number of auctions in Victoria: 841
Clearance rate: 74.8%

The same weekend last year
Number of auctions in Victoria: 716

Clearance rate: 77.5%

Auction highlights…

1 Macartney Avenue, Kew

The original brick home is located on a prime corner allotment in a blue-chip setting, which will inspire redevelopment as one or more luxury homes (STCA). The prestige position combining quality homes with treed surrounds is central to shopping centres, transport, parks, schools and sporting reserves. Congratulations to the vendors on a fantastic result!

Number of bidders: 5
Sale price: $3.41 million

8 Rosamond Crescent, Doncaster East

Be charmed by the elegance of this stylish home while securing a position in the prized East Doncaster Secondary College zone. The home features a gas log fire, lovely garden views and a location just a short stroll to Donburn Primary School and an easy walk to Tunstall Square Shopping Centre. The new home owners can even explore the potential to further renovate/extend, or redevelop (STCA).

Number of bidders: 4
Sale price: 
$1.62 million

29 Asquith Street, Box Hill South

Period highlights blend seamlessly with modern spaces in this renovated and extended Californian Bungalow, nestled in a wonderful leafy neighbourhood. The lucky new home owner will enjoy an appealing oasis for the whole family, including a north-facing covered timber deck and child-friendly garden with a treehouse.

Number of bidders: 3
Sale price: 
$1.678 million

42 Queens Parade, Glen Iris

In a stunning location opposite parkland with tranquil, uninterrupted views, this refurbished Art Deco home is on a large allotment with prime north-west facing rear gardens. Featuring large room sizes, high, decorative ceilings, fresh decor, deep front and rear gardens and a wide side driveway to a single garage, it provides easy site access for future works.

“A hot auction with two keen bidders who fought it out from the first bid to the last!” – James Marcou.

Number of bidders: 2
Sale price: $1.85 million

Auction Snapshot: Saturday 26 August

August 28th 2017

What’s happening in the market…

Fletchers achieved a clearance rate of 78% on the weekend, a strong finish to the season! The Domain Group stated that the average clearance rate for this winter was 75.1%.

Domain also reported that approximately $467.2 million of property was successfully sold on Saturday at Melbourne auctions, with the most popular area being the western suburbs.

The first auction weekend of Spring will take place next weekend, with 850 homes expected to go under the hammer – happy bidding!

Saturday 26 August
Number of auctions in Victoria: 732
Clearance rate: 74.8%

The same weekend last year
Number of auctions in Victoria: 878

Clearance rate: 77.9%

Auction highlights…

78 Argyle Road, Kew

This home is elevated to capture a sweeping vista of the Macedon, Kinglake and Yarra Ranges, which is complemented by the manicured gardens and an exclusive location close to Melbourne’s finest private schools. Other features include the beautiful conservatory, a ground floor master bedroom and a lift to access the three-car garage with workshop. Congratulations to the lucky new home owners of this spectacular home!

Number of bidders: 3
Sale price: $3,763,500

11 Western Way, Mooroolbark

This modern three bedroom home provides an opportunity to live in a family-friendly location near parkland, schools, transport and Chirnside Park Shopping Centre. The sustainable home includes a network of water tanks, fruit trees, vegetable patches, an extensive chicken enclosure, two covered alfresco areas and a solar-heated pool. With three bidders on the day, this home achieved a fantastic result!

Number of bidders: 3
Sale price: $760,000

9 Langford Crescent, Donvale

Highlights of this four bedroom, three bathroom, single-level brick home include a step-down lounge with gas log fire, covered alfresco deck and a period-styled granite kitchen. On a substantial 874 sq m approx. block with renovation or redevelopment potential (STCA), the new home owners will enjoy a convenient position zoned for Millauna College and Mitcham Primary School.

Number of bidders: 3
Sale price:
Undisclosed