Donvale's apartment market is performing at a level rarely seen elsewhere in the east. Two and three-bedroom units are clearing at 90 and 92 per cent respectively, a sign of just how few come up against genuinely deep demand from downsizers and young families alike.
Houses are more measured by comparison. Four-bedroom homes are clearing at 64 per cent in six weeks, three-bedroom houses take closer to nine weeks at 59 per cent, and five-bedroom homes above $1.9 million are more selective at 52 per cent, reflecting a smaller pool of buyers at that end of the market.
With 84 per cent of homes owner-occupied, Donvale is a settled, family-oriented pocket where buyers want strong presentation and natural light above all else. The $1.2 million to $2 million upsizer band remains the most active, and with inspection numbers holding up, sellers who nurture buyers through the full campaign are seeing the strongest results.
Median sale price for houses in Donvale is $1,550,000, up 2.6% from last year.
Median sale price for units in Donvale is $810,000, up 15.7% from last year.
Properties sold for houses in Donvale is 153, up 0.0% from last year.
Properties sold for units in Donvale is 53, up 96.3% from last year.
Auction clearance for houses in Donvale is 67.0%, down 9.8% from last year.
Auction clearance for units in Donvale is 91.3%, up 27.8% from last year.
Av days on market for houses in Donvale is 50, up 6.4% from last year.
Av days on market for units in Donvale is 27, down 28.9% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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