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Fletchers Group News Update – 18 September

September 18th 2013

It has certainly felt like the brief respite from the winter cold was over this week, with a few gloomy, rainy days; however, the strong auction results keep coming! 

The REIV recorded a clearance rate of 74% on the weekend, compared to 61% on the same weekend last year. They report that the high clearance rate on such a large volume of auctions (over 800) indicates that the residential property market should remain strong for the remainder of the year. Fletchers performed ahead of industry average once again, posting a success rate of 78%.

The strong results for Shafer Road in Blackburn North continue, with Whitehorse agents Graeme Keogh and Lachlan Williams achieving a fantastic price of $728,000 for Number 108…only weeks after Director Tim Heavyside secured a record sale price for the street! Six bidders competed for the immaculately maintained and family friendly three bedroom home. 

Rob Sheahan was thrilled for his vendors of 33 Shady Grove in Nunawading…the family had owned the property for a whopping 62 years and couldn’t be happier with the result of $766,000. A total of seven bidders could see the exciting development potential (STCA) for the approximately 920 sqm block. 

Senior Property Consultant and Auctioneer, Mark Fletcher had a great day under the hammer, with a 100% personal success rate, which included the auction of 10 Vanbrook Street in Forest Hill. After a somewhat slow start, a large crowd looked on as the bidding got quite competitive. The property was eventually declared sold at $646,000.

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

Next week is a bumper weekend, with the REIV expecting close to 1,000 auctions called. Be sure to keep up to date with Fletchers latest news and information on Facebook, Twitter and LinkedIn. 

Enjoy the rest of your week!

Mark Fletcher, Auctioneer
Senior Property Consultant & Auctioneer, Mark Fletcher in action.