Fawkner is showing the clearest signs of returning confidence anywhere in this update. Unit prices are up a striking 21.0 per cent this year, house clearance has climbed 15.7 per cent to 78.5 per cent, and days on market have fallen sharply, down 25.6 per cent for houses and 38.2 per cent for units.
That combination of rising prices and rising clearance reflects the stability the Reserve Bank's rate hold has brought, and buyers are responding with real decisiveness. Interstate investors, particularly from Sydney and Western Australia, continue to see genuine value here, and demand remains strongest for homes that are ready to move into without further work.
With interstate buyers the dominant group in the $700,000 to $1.2 million range, and stock levels genuinely lower than usual, sellers considering their timing are well placed to list before the warmer months bring more competing listings to the market.
Median sale price for houses in Fawkner is $822,000, up 7.2% from last year.
Median sale price for units in Fawkner is $609,500, up 20.1% from last year.
Properties sold for houses in Fawkner is 274, up 1.1% from last year.
Properties sold for units in Fawkner is 48, up 17.1% from last year.
Auction clearance for houses in Fawkner is 78.2%, up 12.4% from last year.
Auction clearance for units in Fawkner is 71.0%, up 0.5% from last year.
Av days on market for houses in Fawkner is 38, down 11.6% from last year.
Av days on market for units in Fawkner is 37, down 21.3% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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