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Fletchers Group News Update – 19 June

June 19th 2013

With the Queen’s birthday holiday behind us, auction numbers increased over the weekend. The REIV recorded a clearance rate of 71%, compared to 53% on the same weekend last year. Director and Auctioneer Tim Heavyside noted that there were, ‘generally good numbers at the auctions, with demand still outweighing supply’. Fletchers achieved many positive results, with properties selling under the hammer for big prices, many well above reserve.

Situated in a prime Blackburn location, the outstandingly renovated home at 6 Wirreanda Court drew a large crown on auction day. Meticulously planned and immaculately implemented, this four bedroom plus study home has been renovated into a contemporary delight, with bright spaces and striking design elements. In a great result for Robert Sheahan and Ben Williams, three bidders competed to secure the property, which sold for an impressive $66,000 over reserve!

Constructed with an obvious commitment to first-class quality, the four bedroom, three bathroom, Art Deco inspired residence at 4 Tanami Court in Bulleen was another exceptional sale for the day. With an exquisite alfresco dining are leading to a Tuscan style backyard, complete with sparkling pool, spa and pizza oven, this residence is one of absolute luxury. In a pleasing result for agents Stephanie Michael, Tim Heavyside and the vendors, this property sold for $37,000 above reserve.

The 1966, brick veneer home at 8 Dion Street in Doncaster showcases original features, which have been carefully maintained in this one owner home. Boasting panoramic views stretching to the CBD, three bedrooms and a large backyard with paved BBQ area, this home offers potential to modernise, renovate or rebuild at your leisure! The possibilities for this residence were seen by seven bidders who pushed the price well over reserve, with the eventual sale price undisclosed.

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

Executive Chairman Tim Fletcher was quoted in the Age over the weekend in an article on the increased demand for properties in suburbs neighbouring ‘blue-chip’ areas. He commented that the impact of the ripple effect on Melbourne’s housing market was becoming ‘more extreme’. Read the full article here.

The REIV expects 750 auctions to be called in the coming weekend.

Stay up-to-date with all of Fletchers latest news and information on our social media sites.

Enjoy the rest of your week!

Robert Sheahan in action at the 6 Wirreanda Court auction in Blackburn