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Fletchers Group News Update – 24 October

October 24th 2016

It certainly didn’t feel very Spring-like on Saturday, with rain constantly pouring down and the temperature remaining very chilly throughout the day. Auction numbers were still high for the first Super Saturday of the season, prior to the quieter Melbourne Cup holiday weekend. 

The REIV reported a clearance rate of 81 per cent on the weekend, compared to 77 per cent last weekend and 69 per cent on the same weekend last year. There were 1,114 auctions reported to the REIV, with 907 of those selling and 207 being passed in. Fletchers posted a success rate of 82 per cent for our eastern suburbs network of offices.  


The inclement weather certainly played havoc at the auction of the brand new, three-bedroom residence at 1B Ivy Street in Burwood. A large crowd had braved the weather to attend the auction, and were kept warm thanks to the complimentary coffees on offer. Although the clouds looked slightly menacing, auctioneer Steven Zervas made a start with the proceedings outside. It wasn’t long before the rain started coming down and people began seeking shelter in the garage. After fielding a few bids, everything was moved inside and it didn’t take long for the property to be knocked down. The auction was live streamed on Facebook: Fletcher Blackburn.

The striking, contemporary home at 25 Aquila Street in Balwyn North attracted a large crowd at the open for inspection and auction of the property. An entertainer’s dream, the home offers generous family accommodation with no expense spared. Two bidders competed for the property, which sold for an undisclosed amount. 

Director Tim Heavyside conducted the auction of 31 Surrey Street, Box Hill South inside the pretty Californian Bungalow’s substantial open lounge room. Fully renovated, the home offers a north-facing covered alfresco area and is close to transport, schools and shops. A total of five bidders competed for the home, which sold under the hammer for $1.75 million. 

Six bidders competed to secure the four bedroom Californian Bungalow at 19 Braeside Avenue in Camberwell. The home was being sold for the first time in 40 years, after being lovingly extended to achieve its fabulous four bedroom, two bathroom layout. Boasting decorative features, the home enjoys an exceptional address close to cafes, city tram, schools and Deakin Unversity. The property sold under the hammer for $2.136 million, well above our vendor’s expectations!

At almost 100 years old, 15 Silver Street was the original postmaster’s house in Eltham. The weatherboard cottage is beautifully presented, surrounded by lush gardens that complement its historic charm. On Saturday, its new owner was found, with the property selling for $762,000. 

For all of Fletchers recent results, visit our website.

This Thursday night, the 2016 REIV Awards for Excellence will be held at Crown Casino, showcasing the best of the property industry and celebrating real estate agency practices and professionals. Fletchers are thrilled to be a Finalist in the Large Residential Agency of the Year category. Also nominated are Tim Heavyside and Michael Richardson, for individual awards. We look forward to what should be a fantastic night!

Enjoy your week!

Post auction at 19 Braeside Avenue in Camberwell.