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Fletchers Group News Update – 22 December

December 22nd 2014

The REIV recorded a clearance rate of 68% on the last auction weekend of 2014. Of the 464 auctions reported, 316 were sold and 148 were passed in. This weekend concludes the strongest year for the auction market; 17% higher than 2013.

It was an exciting and successful auction weekend for Fletchers Eastern suburbs offices, recording an impressive 77% clearance rate. Fletchers had 13 auctions scheduled for Saturday – 10 properties were sold (three of those prior to auction) and only three were passed in. What a great way to finish under the hammer for the year!

In Donvale, the three bedroom brick veneer home at 1/17 Hamal Street has been updated throughout to create a modern environment for first home buyers and young families. This low maintenance home offers comfortable living/dining, new bathroom and a modern kitchen that flows out to a North facing rear deck with paved alfresco area.  Five bidders were eager to secure this property. It sold for an impressive $684,500 – $84,500 over reserve!

Resting quietly in a leafy court location, 1 Meringer Court in Nunawading offers first home buyers, young families and investors an ideal, family friendly location. This home features combined living/dining, timber kitchen, three robed bedrooms, paved side courtyard and BBQ area. There were five competitive bidders hoping to call this property home. The bidders helped the property reach $51,500 over reserve, selling for $731,500!

A great result for the area and Fletchers agent Steven Zervas was the sale of 34A Somers Street in Burwood.  This fully renovated, two bedroom home offers an immaculate kitchen, spacious living/dining areas and a stunning outdoor entertaining area. The outdoor area features a spa and integrated sound system perfect for a summer of entertaining. The excited purchasers secured their new home for $665,000. An excellent Christmas present!

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

The Summer Edition of our weekly Places magazines is finally out! It showcases some great properties we currently have listed. Grab your copy from you local Fletchers office or nearest cafe.

As 2014 comes to an end, the whole team at Fletchers would like to wish everyone a safe festive season and very happy New Year. Thank you for taking the time to catch up on our auction news every week. We look forward to sharing our latest news and auction results in 2015.

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

 See you in 2015!

The very happy purchasers of 34A Somers Street, Burwood.