Flemington rewards the buyer who has done the numbers, and right now that is who is turning up. Clearance sits at 64 per cent for two-bedroom houses and 59 per cent for three-bedroom homes, which tells you buyers here are negotiating rather than bidding blind. They are not overspending, but when something represents genuine value they move without hesitating.
The suburb's split between period homes and apartments is doing the work. Two-bedroom units at a median of $554,500 are the busiest single segment in the suburb by a clear margin, and they are turning over in about three weeks, faster than anything else on the board. Three-bedroom houses at $1.206 million are also moving quickly at around 33 days.
With roughly two thirds of residents renting, investor interest continues to underpin the apartment end. For owners, the message is that a sharp, well-evidenced price brings these buyers off the fence quickly. An ambitious one leaves them comparing you with everything else.
Median sale price for houses in Flemington is $1,100,000, up 7.3% from last year.
Median sale price for units in Flemington is $530,000, down 9.4% from last year.
Properties sold for houses in Flemington is 82, down 1.2% from last year.
Properties sold for units in Flemington is 167, up 1.8% from last year.
Auction clearance for houses in Flemington is 66.2%, down 11.3% from last year.
Auction clearance for units in Flemington is 63.6%, down 17.3% from last year.
Av days on market for houses in Flemington is 38, up 15.2% from last year.
Av days on market for units in Flemington is 35, down 31.4% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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