December 7th 2014
It was a damp weekend across the eastern suburbs but buyers looking to secure a home before Christmas were happy to brave the inclement conditions. With only two auction weekends left in 2014, the countdown to purchase before the New Year is on!
The REIV recorded a clearance rate of 69% this weekend, with 1,325 auctions reported. The spring auction market this year has been the strongest ever, with two record auction weekends in the past five weeks. This year has also had the highest number of auctions on record, with more than 37,000 held to date.
It was a weekend full of auction activity for Fletchers agents. Our Eastern suburbs offices had a total of 31 auctions scheduled for Saturday; 26 of those properties were sold (five prior to auction) and only five were passed in. We were able to achieve a success rate of 84%, an excellent result with the high volume of auctions and number of properties on offer.
Up for auction on Saturday was 8 East Court in Camberwell, a semi detached timber home that is perfect for first home buyers, couples or investors. This two bedroom property backs onto Cooper Reserve and is located close to shops, schools and transport. Four bidders were keen to secure this freshly updated home and, with some competitive bidding, the property reached $825,000 – selling for an overwhelming $225,000 over reserve!
Superbly renovated, 17 Oliver Street in Ringwood offered buyers a four bedroom, two bathroom family home. This home features a welcoming garden oasis, north facing verandah, open plan living, dining and kitchen with French doors leading out to a large covered alfresco area. With plenty of buyers eager to call 17 Oliver Street home it fared extremely well at auction. In front of a crowd of approximately 120 people, six bidders helped the property reach well over reserve, selling for a fantastic result of $876,000.
Located in a gorgeous court position, the two year old home at 1 Jocelyn Court in Forest Hill features five bedrooms, three bedrooms, two living areas, floating floors, plantation shutters, a north facing family living and dining with stacker doors that lead to a covered alfresco area. A north oriented backyard offers the new owners a lush lawn and thriving veggie gardens. All located within walking distance to shops, schools and transport. Four bidders competed for this home, which ultimately sold for $1.311 million.
For all of Fletchers recent sales, visit our award-winning website.
With the festive season upon us there is an array of activities in our community that the whole family can enjoy. Across the Eastern Suburbs you will find a carols event close by – so pack your picnic and get into the Christmas spirit!
In Greensborough, Carols by Candlelight will be held on Saturday, 13 December at 1 Flintoff Street. This free event will have delicious food and drinks for sale and a range of free family activities, as well as entertainment provided by The Australian Children’s Choir and Diamond Valley Brass Band. Gates open at 6.30pm!
The City of Whitehorse will be holding their carols night on Sunday, 14 December at the Whitehorse Civic Centre in Nunawading. With musical guests for young and old to enjoy it will be a great night, starting at 5.30pm. There is even the opportunity for photos with Santa and his elves. Pack your picnic and get singing! For more information, visit Whitehorse Carols.
Carols in Macleay Park will feature Balwyn North choirs and Balwyn Primary Senior Strings ensemble, even a visit special visit from Santa and fireworks to conclude the night. Head down to Macleay Park, located on the corner of Belmore and Buchannan Avenue in Balwyn North on Saturday, 15 December from 6.30pm.
In Hawthorn, Carols at Grace Park will begin at 5pm on Sunday, 16 December. Musical guests include Boroondara Brass, Exaudi Youth Choir, Auburn and Deepdene Primary School choirs. Get your singing voice ready and join in on some of your favourite carols!
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Enjoy your week!