Collingwood is a young, apartment-led market, and its sweet spot is the well-presented two-bedroom unit. More than a hundred two-bedroom apartments sold over the year, clearing at around four in five in under four weeks, as professionals and investors compete for move-in-ready homes near Smith Street. Buyers here are placing a clear premium on anything they can step straight into.
The compact house market is small but solid, with two and three-bedroom homes clearing in the low seventies. The pricier warehouse conversions, near $1.6m, are the more patient end at around eleven weeks on market.
For owners of a tidy, well-styled apartment, the competition is genuine and worth using. The buyers scrolling listings decide within seconds whether to inspect, so strong presentation online and a price grounded in this year's local sales are what separate an apartment that draws a crowd from one that lingers.
Median sale price for houses in Collingwood is $1,328,000, up 10.7% from last year.
Median sale price for units in Collingwood is $610,000, up 0.0% from last year.
Properties sold for houses in Collingwood is 75, up 8.7% from last year.
Properties sold for units in Collingwood is 227, down 5.8% from last year.
Auction clearance for houses in Collingwood is 67.9%, down 3.6% from last year.
Auction clearance for units in Collingwood is 73.7%, up 30.4% from last year.
Av days on market for houses in Collingwood is 42, up 13.5% from last year.
Av days on market for units in Collingwood is 28, down 31.7% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
Good property management should remove uncertainty, not create more of it.
If you're considering engaging a property manager, one of the first questions you're likely to ask is: how much does property management actually cost?
Owning an investment property and owning a good investment property are not necessarily the same thing. It’s an important distinction, and one that property investors should revisit regularly.
The Reserve Bank's decision to leave the cash rate on hold at 4.35 per cent is welcome news for buyers, sellers and businesses alike. While it's not a silver bullet for Melbourne's property market, it should provide some reassurance that the aggressive phase of the interest rate tightening cycle may be easing.
Discover the hidden potential of your biggest asset — for free, in seconds. Choose an Instant Appraisal for immediate market value and suburb performance, or request an in-depth Agent Appraisal from our experienced local Woodards professionals.
No obligation. No pressure. Just clarity.
Find Carlton North's Best Real Estate Agents at Woodards
All of our agents have the experience and local knowledge to guide you
Whether selling or investing, an appraisal of value will give you the confidence to make an informed decision
Switch to Woodards Property Management
