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Real Estate News

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Fletchers Maroondah Market Report – September 2017

September 1st 2017

Fletchers Real Estate Maroondah Director Reilly Waterfield and Rod Burton break down everything that’s happening in the market this month.

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:

Fletchers Glen Iris Market Report – August 2017

August 24th 2017

Join Director Michael Richardson and Senior Associate Troy Nelson from Glen Iris reporting on the current market from Platform Espresso.

Auction Snapshot: Saturday 19 August

August 21st 2017

What’s happening in the market…

On Saturday, Melbourne achieved its highest auction clearance rate since the 10th of June, which resulted in a median sale price of $882,150.

Although first home buyer activity was expected to go up due to recent legislative changes, the Domain Group stated that, “First home buyer activity in Victoria remains relatively low reflecting recent strong price growth in the Melbourne housing market. Latest data from the ABS reported that 1528 first home buyer loans were approved over June in Victoria, a fall of 2.6 per cent compared to the previous month.”

Saturday 19 August
Number of auctions in Victoria: 821
Clearance rate: 78.3%

The same weekend last year
Number of auctions in Victoria: 657

Clearance rate: 77.7%

Auction highlights…

40 Reading Avenue, Balwyn North

A brilliant location in the prime position of the Balwyn High School zone, this classic home has an exciting future, sitting on a 923 sq m approx. block. The residence provides the ideal opportunity for a new residence (STCA), with Greythorn Primary School at the end of the street and Greythorn Park just around the corner. Congratulations to the lucky buyer Рwinning it out over five other bidders!

Number of bidders: 6
Sale price: $2,321,000

24 Toogoods Rise, Box Hill North

This neat brick veneer home with original living and dining areas has been substantially extended, and now boasts a generous space suited for a growing family. This low maintenance home extends out to a rear patio with space for alfresco dining and entertaining, northern views and a secure play space. The new home owners can enjoy an easy walk to shops, transport and schools.

Number of bidders: 3
Sale price: $1,186,000

15 Highbury Street, Balwyn North

A warm and inviting home offering multiple solutions for contemporary family living, this traditional English style red brick home, circa 1938, radiates character throughout. The home is set privately on an elevated block in the Balwyn High School Zone, with schools, shops and cafes located a short walk away. Another popular home on auction day that achieved a fantastic result!

Number of bidders: 6
Sale price:

53 Park Road, Surrey Hills

A gardener’s paradise within a beautiful leafy locale near Wattle Park, village cafes and the No. 70 tram, this much-adored 1950 home is on a deep 1,004 sq m approx. block that could even be the setting for a new residence or townhouses (STCA). The residence also features a self-contained unit at the rear with a private entry, offering the benefit of a dual rental income. Congratulations to the vendors and buyer!

Number of bidders: 3
Sale price: