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Fletchers Group News Update – 15 September

September 15th 2014

The sun was shining over the weekend and buyers were out in force. Over 50% of Fletchers properties that sold at auction on Saturday had four or more bidding parties. This highlights the strength in competition in the current market.

The REIV recorded a clearance rate of 75% over the weekend, compared to 74% on the same weekend last year. Fletchers had a fantastic day under the hammer.

A standout sale for the day was the four bedroom weatherboard home at 16 Wellington Avenue in Blackburn. Situated on a generous block of approximately 988 sqm, there is fantastic potential for renovation, extension or redevelopment (STCA). A great crowd gathered to witness the auction which attracted five bidding parties. Auctioneer Rob Sheahan declared the property sold for $1.251 million, resulting in elated vendors and purchasers! 

Agents David and John Taylor achieved another great result for the timber Californian Bungalow at 53 Combarton Street in Box Hill. Offering three bedrooms, one bathroom the home is a peaceful haven for a growing family. On the market at $950,000, competitive bidding from five participating parties pushed the eventual selling price well above reserve. David declared the home sold for $1.19 million, a fantastic result for all.

The gorgeous four bedroom home at 4 Southey Street in Blackburn North was another that proved popular on auction day. Tim Heavyside greeted a great crowd who gathered to see the fantastic home go under the hammer. Six bidders fought to secure the property, which sold for $1.07 million.

The Fletchers Diamond Valley team have also had some great auction success, posting a 100% success rate for two consecutive weeks! Prue Wittison achieved some great results with the sale of 5 Porter Street in Eltham and 17 Casuarina Ridge in Eltham North. With three bedrooms, two bathrooms and a great renovation potential – 5 Porter Street offered a great opportunity in a fantastic Eltham location. The vendors were delighted with the result, the home sold for $606,000!

Prue’s second fantastic result for the day was the four bedroom, two bathroom home at 17 Casuarina Ridge in Eltham North. With stunning wrap around verandahs, open plan living and a canopy of deciduous trees, this home was definitely a heart warmer! The home sold for $735,000, a great results for managing agents Prue and Scott Rawlings, their vendors and the purchasers.

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

Fletchers is proud to announce the opening of another office in our ever-expanding network! Managing director Christopher Stear is looking forward to expanding the Fletchers brand in Queensland with the new office, located in Southport.

Full the full media release, continue reading here.

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

Enjoy your week! 

 
Jack Peng and Erin Loudon at the auction of 30 Ovando Street in Preston. The home sold for $765,000. 

 

Fletchers Announce New Gold Coast Office

September 10th 2014

Fletchers Announce New Gold Coast Office

Fletchers, last year’s Australian Large Real Estate Agency of the Year, has announced the opening of another Gold Coast office.

Fletchers Broadwater will open this month in Stevens St Southport, between the Broadwater and popular Chirn Park Shopping Village.

Managing Director of Fletchers Queensland, Christopher Stear, said the location had been chosen to capitalise on what he described as “the stunning future of the area”.

“Commonwealth Games facilities, rebirth of the Southport business district, Chinatown, the light rail, University Hospital, the Broadwater Parklands and all adjacent to one of the world’s finest aquatic playgrounds– it’s a great story that impacts enormously on local property and Fletchers will be right in the thick of it,” he commented.

“For the last six months we have been testing the market in Southport and surrounding suburbs. We have quickly developed a local following and have made a significant number of sales,” he said.

Mr Stear said that since Victorian based Fletchers had opened their first Gold Coast office three years ago, the local operation has enjoyed strong year-on-year increases in sales and property management revenues.

“We opened in what was probably the worst local market in 30 or 40 years but our training, systems and head office support coupled with the dedication of our 100 per cent Gold Coast team has seen a pleasing increase in market share.”

“We intend to continue our carefully managed, strategic approach to expanding the Fletchers brand in Queensland,” he added.

Mr Stear said he welcomed inquiries from both agency owners and sales professionals interested in benefitting from one of Australia’s most respected and long-standing real estate brands.

Info:    Christopher Stear, Managing Director, Fletchers Queensland 
             m: 0412997000        e: christopher.stear@fletchers.net.au

Fletchers Diamond Valley – Ice Bucket Challenge

August 27th 2014

Our Fletchers Diamond Valley team have taken up the challenge to raise awareness and much needed funds for the Motor Neurone Disease Association.  

It’s great to see the team get together and support colleague Mark Baker, whose family is affected by the disease. 

 Are you game enough to take up the challenge?!

Negative gearing removal a ‘disaster’

August 24th 2014

The proposed restraints on negative gearing for residential property are likely to be the most significant change to the tax treatment of property in over a decade. If passed, the proposed changes will prevent investors claiming new gearing benefits for already established property with the aim of directing investors towards new housing.

Fletchers Director, Christopher Steer, was recently quoted in Residential Property Manager explaining the importance of negative gearing for both the property market and Australian families. Christopher firmly believes that the 1985 abolition of negative gearing was one of the “worst blunders in Australian political and social history” and repeating the process and expecting a different result is “proving Einstein’s definition of insanity correct“.

Read the article here