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Fletchers Group News Update – 9 October

October 8th 2013

After a quiet AFL Grand Final weekend auctions were back in full swing in Melbourne over the weekend.

The REIV recorded a clearance rate of 72%, with no comparable percentage due to the Grand Final. Fletchers achieved a 73% clearance, slightly above the industry average.

There were again a high number of parties bidding at many of the auctions over the weekend, highlighted by the seven bidders seen at 10 Sevenoaks Road in Croydon. The updated and well maintained three bedroom home offers buyers the perfect opportunity to renovate or redevelop on the generous block of approximately 863 sqm. The property sold for $555,000, a pleasing result for the vendors, purcahsers and David Taylor the selling agent.

Situated in one of Bulleen’s most sought-after areas, the elevated red brick home at 56 Pinnacle Crescent was another fantastic sale for Director and Auctioneer Jason Salan and agent Stephanie Michael. With three bedrooms, two bathrooms, spectacular views and the opportunity to update, extend or rebuild, this property generated a great deal of interest throughout the marketing campaign. This culminated in an exciting auction day, where five parties competed to secure the property, which sold for $820,000.

Agent Gail Logan and Director and Auctioneer Tim Heavyside achieved another standout result for the unique and stylish apartment at 11/6 Swinton Avenue in Kew. Recently renovated and offering features such as polished floorboards and private front garden with alfresco area with the benefits of near-city living, this property ticks all the boxes. Four bidders agreed and pushed the eventual selling price well above reserve to $880,000.

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

We are heading into a couple of busy weekends, with the REIV expecting 1,010 auctions to be called.

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

Enjoy the rest of your week!

Robert Sheahan & Lachlan Williams at 8/7-9 Mount Pleasant Road in Nunawading