It’s been a while 

It’s been a while since bids have flowed so freely. 

It’s been a while since we’ve had 100% clearance on two consecutive Saturdays from our Stonnington office. 

It’s been a while since we’ve seen such big crowds at our auctions. 

There’s a bit of a buzz about the market right now. 

It feels markedly different to last year. It feels like the good old days of 2017 or 2021. 

Is it the rate cut? Is it just a lack of quality stock? Is it the fact that buyers have been waiting for years to feel like they have permission to have a crack, to have the social proof they crave to jump in?

We don’t know, but we’re sure enjoying the ride!

Team Fetter/Sciola have transacted 11 properties over the last 11 days, and 10 of them have sold well beyond expectation. 

We’ve sold at auction, before auction, and off market, mostly with multiple buyers / offers. 

I called three auctions on Saturday and all sold under the hammer in front of huge crowds with strong competition. 

Sure, it helps to have some great listings – fully renovated period homes in Malvern, Prahran, Armadale and Toorak. 

And sure, we are biased. We focus on the wins and the good news stories. 

I’m not writing about the two that passed in (and sold promptly after). 

I’m not writing about the properties with limited interest that won’t be reported in the auction results, or are quietly withdrawn from sale. (Not that we have any of those right now). 

But this is not just a few strong results. It’s across the board. 

Our Boroondara office saw 88 percent clearance across a whopping 39 auctions on Saturday. 

Our Northcote office colleagues have had their strongest February in years, selling more off market this month than all of last year. 

Just watch as the media jumps on board in the coming weeks. 

Is this the start of a big bull run, or just a short term blip? A rate cut bounce?

Either way, we are very grateful for the current rush of bids and offers cascading from the real estate heavens above. Because… well… it’s been a while.