Essendon West's quiet, established streets keep it appealing to family buyers this month. Those attending opens value the settled feel and the proximity to the river parklands, and they tend to have already committed to the pocket.
In line with the wider area, entry-level houses and smaller units are the quicker movers, while larger and premium homes take longer and need pricing set to recent evidence. Essendon West's family homes on good blocks sit in the steadier part of that range.
Owners who present their homes well and price realistically are achieving solid outcomes. In a market that rewards accuracy, the well-presented, realistically priced family home is meeting the active buyers.
Median sale price for houses in Essendon West is $1,430,000, up 45.2% from last year.
Median sale price for units in Essendon West is $726,250
Properties sold for houses in Essendon West is 19, down 29.6% from last year.
Properties sold for units in Essendon West is 12, up 300.0% from last year.
Auction clearance for houses in Essendon West is 43.5%, down 13.0% from last year.
Auction clearance for units in Essendon West is 60.0%, up 20.0% from last year.
Av days on market for houses in Essendon West is 69, down 8.0% 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 Essendon’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
