Eaglemont's character homes, leafy streets and elevated outlook keep it distinctive this month. Buyers are drawn by the architectural character and the position, and those attending opens tend to have already decided on the area.
At the prestige end of the office, well-presented quality homes find their buyer while anything priced to test the market sits longer. The wider Heidelberg data shows a steadier family-home market than much of the east, clearing in the high 50s to mid 60s.
Owners who present their homes well and price to recent comparable sales are achieving solid outcomes. The character and outlook sell the suburb, and realistic pricing sells the home.
Median sale price for houses in Eaglemont is $2,350,000, up 15.2% from last year.
Median sale price for units in Eaglemont is $800,000, up 21.2% from last year.
Properties sold for houses in Eaglemont is 62, up 29.2% from last year.
Properties sold for units in Eaglemont is 12, up 0.0% from last year.
Auction clearance for houses in Eaglemont is 57.9%, up 33.6% from last year.
Auction clearance for units in Eaglemont is 33.3%, up 0.0% from last year.
Av days on market for houses in Eaglemont is 45, down 28.6% from last year.
$2,350,000
$2,325,000
$1,572,500
$1,375,000
$1,325,000
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.
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