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Fletchers Group News Update 24 May

May 24th 2016

We enjoyed a sun-filled weekend, warming us up for what has been forecast as a cold and rainy week ahead.

The REIV reported an auction clearance rate of 75 per cent over the weekend, above the 72 per cent reported for the same time last year. There were 649 auctions scheduled and 487 of those sold. Melbourne’s Eastern and South Eastern suburbs are performing well at auction this year, with Glen Eira and Boroondara council areas recording more than 500 auction sales.

Fletchers Eastern suburbs network of offices also achieved an auction success rate of 75 per cent, in line with the industry average.


In Camberwell, 12 Grace Street offered a rare opportunity to secure a substantial block of 1,123 sqm, in the sought after Sunnyside Estate. Positioned at close to the end of a quiet street, the existing home offers three bedrooms, spacious lounge and built-in in cabinetry and kitchen with walk in pantry. The block provides plenty of space for eager renovators, developers hoping to build a dream new home or townhouse development. Excited by the impressive potential, five bidders were keen to secure the home. Auctioneer Mark Fletcher was kept busy with the competing bidders making over 120 bids throughout the auction. The property was sold for an overwhelming result!

The character weatherboard home at 23 O’Hara Street is tucked away in a quiet tree lined streets in one of Blackburn’s most convenient locations. Offering four bedrooms, two bathrooms and boasting timeless features including cosy fireplace, ceiling roses, decorative cornices, bay windows and polished hardwood floors, this property is sure to make its newest owner feel right at home. A country style kitchen and formal lounge/dining with French doors to an undercover L-shaped deck overlooking the immaculate garden. Four bidders helped this home sell for $1.33 million.

One of a pair, 85A Woodville Street in Balwyn North presents a low maintenance and open plan lifestyle. Appealing to both busy families and professionals, the contemporary townhouse is located within the Balwyn High School Zone and close to shopping, transport and the Eastern Freeway. The as new three bedroom home features a quiet living area at the front of the home with gas fire, light filled kitchen/family and dining space. Extending at the rear of the property is an elevated deck which enjoys a verdant outlook and is the perfect setting for year round alfresco living and entertaining. Attracting a lot of buyer interest throughout the campaign, auction day saw six bidders competing for the property. The home reached a final sale price of $1.335 million.

Bathed in light, the family residence at 355 Mount Dandenong Road in Croydon offers stunning views across the Dandenong Ranges. The large four bedroom home is positioned on corner block amongst leafy surrounds. The home features formal lounge with open fireplace, dining zone and modernised kitchen. On auction day there were three bidders eager to secure the property, with bidding reaching a final sale price of $775,000

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

Auctioneer Mark Fletcher makes the final call after a staggering 121 bids
from five bidders at the auction for 12 Grace Street in Camberwell !