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Fletchers Group News Update – 20 October

October 20th 2014

The REIV released Melbourne’s median house price for the September quarter, and it is good news for those looking to buy. Following the 2.1% increase in the previous quarter, the city’s $649,000 has remained the same as at the end of the financial year. Balwyn was amongst the top suburbs for growth, with an increase of 16.3% to $1,761,500.

The REIV recorded a clearance rate of 73% over the weekend, with 900 auction results reported. Fletchers had a great day under the hammer, with competition amongst potential buyers continuing to be strong.

Jeremy Desmier & Jack Peng achieved a fantastic sale result for the two bedroom, one bathroom home at 11 Albury Road in Balwyn North. Offering the opportunity to renovate, extend or rebuild in an enviable location, the home was popular throughout the marketing campaign. This was evident on auction day with seven parties bidding in the hopes of securing the property. After an exciting auction, Jeremy declared the home sold for $1.95 million, a fantastic result for all.

The stunning four bedroom, two bathroom home at 56 Severn Street in Box Hill North was another property to attract attention on auction day. A great crowd gathered to enjoy the auction, with auctioneer Tim Heavyside fielding competitive bids from three competing parties. The home was declared sold, well above reserve, for $1,200,500.

The sophisticated five bedroom home at 41 Mount Street in Glen Waverley offered luxury living in a great location. Managing agent Kelly Sun saw a lot of interest throughout the marketing campaign and a large crowd gathered on the day, enjoying a free coffee compliments of Kelly! Auctioneer Michael Richardson fielded bids from four participants, declaring the property sold for $2.48 million!

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

Tim Heavyside and Fletchers were proud sponsors of the Our Lady’s School Fete which was held on Saturday. Tim and Allison Miller were there on the day handing out Fletchers goodies and enjoying the treats on offer! It was a fantastic day enjoyed by all!

Be sure to keep up-to-date with Fletchers latest news and information on Facebook, Twitter and LinkedIn.

Enjoy your week!

 
Jack Peng at the auction of 11 Albury Road, Balwyn North, what a great crowd!