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Fletchers Group News Update – 02 December

December 2nd 2013

Summer certainly arrived on the weekend, with the sun shining bright and the warm weather adding to the already hot auction day!  

THE REIV recorded a clearance rate of 70% over the weekend, compared to 61% on the same weekend last year. A massive 1,177 results were reported to the REIV, with the Fletchers Group calling an impressive 32 auctions on Saturday and achieving a success rate of 74%.

Perfect for redevelopment, the three bedroom home at 19 Aylwin Avenue in Burwood attracted five bidders, the large block of approximately 965 sqm an obvious drawcard. Agent David Taylor noted that it was the first time that he had seen an ex-housing commission home sell for over $1 million. Close to shops and transport, the home sold above reserve for $1.214 million.

Quality built and finished, the four bedroom, two bathroom home at 22 Alpha Street in Balwyn North offered a fantastic opportunity for renovation, redevelopment or as a potential new home site (STCA). Set in a prime position in the Balwyn High Zone and close to shops, the home attracted three bidders on auction day. In a great result for Daiman Kane and Sue Woollard, along with their vendors and buyers, the home sold for $1.53 million.

Brooke Warwick and Tim Heavyside saw another fantastic result for the two bedroom, one bathroom villa unit at 3/40 Barcelona Street in Box Hill. Four bidders sought to secure the freshly updated residence, resulting in a great sale price of $525,000.

Exuding modern flair and offering a versatile floorplan, the three bedroom, two bathroom home at 31 Avandina Crescent in Greensborough has something for everyone. Beautifully renovated, the home features Spotted Gum flooring, rumpus room, alfresco deck and home office! It’s easy to see why the property was so popular, selling at auction for $542,500.

For all of Fletchers recent sales, visit our award-winning website.

Fletchers are the proud sponsors of the 2013 Maling Road Kriskindl Festival. Find out the true joy of spending time with your family during the holiday season on Friday 6th December. The event features live music, animal nursery, rides, Christmas showbags and much more! Come down to Maling Road from 5-9pm to experience one of the best children’s festivals in Melbourne!

This week is expected to be another big weekend, with the REIV expecting 1,570 auctions to be called. Be sure to keep up-to-date with the latest information with Fletchers live tweets throughout the day.

Enjoy your week!


Carl Stella after his run in with a tiger snake!