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Fletchers Whitehorse – June Market Update

June 9th 2014

Have you seen the latest Market Update from Fletchers Whitehorse?

Join Senior Associate and Auctioneer Michael Richardson for the June edition of his market update, where you can catch up on market news, recent sales and much more!

2014 Australian Achiever Award

May 11th 2014

At Fletchers we are committed to raising the industry standard in customer service and we are trilled to have recieved a score of 98.73 per cent for customer satisfaction at the 2014 Australian Achiever Awards.

Media Release for The 2014 Australian Achiever Award for Excellence in Customer Service.

Cash rate on hold for eight consecutive month

May 6th 2014

The Reserve Bank decided to keep the cash rate on hold for the eighth consecutive month at its meeting today.

Financial conditions have remained accommodative and banks are well placed to provide funding to credit worthy borrowers. The inflation rate has remained stable at 2.9 per cent, which is within the target range of 2-3 per cent.

Reserve Bank governor Glen Stevens reiterated that while housing prices have increased significantly over the past year, the decline in the exchange rate has helped to achieve a balanced level of growth in the economy. Domestic economic conditions have improved, with credit growth and housing prices increasing as a result of the sustained stable inflation and interest rates.­­

Property analysts at the Real Estate Institute of Victoria (REIV) have reported a easing in housing value appreciation in the first quarter of 2014, which is a welcome result after such robust growth levels since June 2012.

The low interest rates have intensified competition amongst financial institutions and mortgage costs have fallen as banks compete to provide funding in the current environment of healthy buyer activity. The Reserve Bank reported that moderate growth is occurring in consumer demand and the board foreshadows a strong expansion in housing construction in the near future.

The board judged that a stable inflation rate is the appropriate method to foster sustainable growth in demand and inflation. Today’s decision marks the most sustained period of monetary policy stimulus in 15 years.

If you are considering selling your home or would like to have a chat about the property market in your area, please call one of our highly experienced agents today.

 

 

Market Update: Positive Conditions

April 29th 2014

After two quieter weekends on the auction front due to Easter, ANZAC Day and school holidays, we are looking forward to the bumper month in May!

Victoria’s property market is currently thriving, with over 20,000 homes already sold so far this year. Driven by a combination of a sustained record-low cash rate and high consumer confidence, house prices are on the rise in Melbourne.

The minutes from the Reserve Bank’s meeting in April deliver positive news for both mortgage holders and the broader property market, indicating that the housing market is currently experiencing steady growth. The board judged that the cash rate is likely to remain at its current level for the foreseeable future.

Property analysts at the Real Estate Institute of Victoria (REIV) report that there are healthy levels of buyer demand for both auction and private sale campaigns. This is echoed by the robust average auction clearance rate of 71 per cent so far this year. Fletchers have performed well above the industry average, with an auction clearance rate of 91 per cent across our Melbourne offices.

Our team of exceptionally skilled negotiators together with our highly engaged database ensure that Fletchers consistently achieve market leading results. If you are considering selling your home or would like to have a chat about the property market, please call our dedicated sales team today.

 Fletchers Auctioneer, Michael Richardson, in action in Box Hill South