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Fletchers Group News Update – 8 February

February 8th 2013

This week we received the widely expected news that the Reserve Bank was keeping the cash rate on hold at 3 per cent. In a statement accompanying the decision, RBA Governor Glenn Stevens said that the fiscal cliff in the US had been avoided, Chinese growth had improved and the financial pressures in Europe had eased.

The numbers of auctions each week are building up nicely, with pleasing numbers were in attendance both at open for inspections and auctions.

Fletchers Whitehorse had a standout result in Blackburn on the weekend, with 123 Surrey Road selling under the hammer for $557,500 after six parties made about 65 bids between them. Agent and auctioneer, Michael Richardson, conducted an excellent marketing campaign for the two bedroom timber home, which offered exciting potential for families, renovators and investors.

We hope you have a wonderful weekend!

Michael Richardson
Michael Richardson and his vendors of 123 Surrey Road after the auction!