Fletchers Group News Update 27 February
The weekend’s weather was an improvement compared to the last, with sunny skies and a warmer temperature than predicted. Despite the sudden surge in auction listings, Victoria achieved an impressive...
View ArticleTip for buying (and winning) at auction
Bidding at auction can be scary. Bidding, counter-bidding, and preparing your finances are important things to understand before auction day. Fletchers auctioneer, Mark Fletcher, has some handy tips...
View ArticleFletchers Group News Update 6 March
We hope that you were able to enjoy the gorgeous Melbourne sunshine on the weekend! Out of the 1,094 auctions reportedly held on the weekend, 883 resulted in a sale, meaning that Victoria experienced...
View ArticleFletchers Group News Update 20 March
Although this week isn’t following suit, Melbourne experienced some beautiful weather over the weekend, with the sun shining and the temperature reaching 30° on both Saturday and Sunday. Approximately...
View ArticleFletchers Group News Update 27 March
We experienced some pleasant weather on the weekend – a happy medium between being too cool and too hot! Another auction weekend of success, with an 82% clearance rate achieved after 975 of the 1,193...
View ArticleFletchers Group News Update 3 April
Melbourne experienced a drop in temperature and rise in cloud coverage towards the end of last week, but this didn’t deter buyers. The weekend saw a clearance rate of 81% after 719 of the 884...
View ArticleFletchers Group News Update 10 April
Saturday’s weather remained sunny until the late afternoon, conveniently allowing for the auctions to wrap up before the heavy rain and thunder began. We hope everyone enjoyed their time indoors for...
View ArticleAuction Snapshot: Saturday 22 April
What happened in the eastern suburbs last weekend? Saturday 22 AprilNumber of auctions in Victoria: 603Clearance rate: 78% The same weekend last yearNumber of auctions in Victoria: 538Clearance rate:...
View ArticleAuction Snapshot: Saturday 29 April
What’s happening in the market… The Domain Group highlighted that, although Melbourne is experiencing a constant incline in auction listings, many of these auctions are in the outer suburbs. Buyers may...
View ArticleAuction Snapshot: Saturday 6 May
What’s happening in the market… The Reserve Bank of Australia has once again left their cash rate at the record low 1.5%. The board concluded that this decision is “consistent with sustainable growth...
View ArticleAuction Snapshot: Saturday 13 May
What’s happening in the market… As reported by Domain, some changes to real estate have come along with the 2017/2018 Federal budget, including: • Overseas buyers can no longer own more than 50% of a...
View ArticleAuction Snapshot: Saturday 20 May
What’s happening in the market… New Banking Legislation Impacts Interest-Only And Investor LoansA rise in certain mortgage rates is already underway with recent actions by the bank regulator putting a...
View ArticleAuction Snapshot: Saturday 27 May
What’s happening in the market… The weekend’s clearance rate was the lowest for the year, however, it was still 4% higher than the clearance rate achieved on the same weekend last year. The Domain...
View ArticleAuction Snapshot: Saturday 3 June
What’s happening in the market… The Domain Group revealed a change to the 2017 budget that nearly went unnoticed. Property industry experts warn the change will affect a huge proportion of the market....
View ArticleAuction Snapshot: Saturday 17 June
What’s happening in the market… The rental market is still on the rise, with The Domain Group reporting that Melbourne’s median rental price rose 5% for houses over the last year. However, Melbourne’s...
View ArticleAuction Snapshot: Saturday 24 June
What’s happening in the market… The Domain Group has stated that “it’s the north of the city leading the pack” in the Melbourne real estate market. They believe that, with the changes in stamp duty for...
View Article2017 End of Financial Year Update
We have reached the end of financial year at a rapid pace, which is the perfect time for a real estate update! Whilst temperatures have progressively cooled, Melbourne’s auction market remained hot,...
View ArticleAuction Snapshot: Saturday 1 July
What’s happening in the market… It’s the new financial year, and data from the Domain Group shows that Melbourne’s median house price rose by more than $110,000 in one year! The median cost for a house...
View ArticleAuction Snapshot: Saturday 15 July
What’s happening in the market… The Domain Group reported that first home buyers are beginning to spend more at auctions due to the alterations on stamp duty, possibly contributing to why Victoria...
View ArticleAuction Snapshot: Saturday 22 July
What’s happening in the market… The winter auction market is remaining strong, with Melbourne achieving a median price of $716,800 at auction on Saturday, as reported by The Domain Group. They also...
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