Within this premium office, Glen Iris is the value-and-space option, offering larger blocks and family homes at prices below its grander neighbours. That makes it a natural fit for buyers seeking solid, secure homes with real garden space, and the family-house market is deep, with more than a hundred four-bedroom homes sold over the year alongside strong three-bedroom numbers.
The apartment market is genuinely active too, with over a hundred and fifty two-bedroom units sold and clearing at around three in four, giving investors and downsizers a well-priced way in.
With buyers moving quickly and often considering several homes at once, the well-presented family home with a good garden is exactly what is drawing competition here. For vendors that means the market rewards acting decisively when interest arrives, and pricing to genuine recent sales, whether selling a family house or an apartment, is what converts that interest into a firm result.
Median sale price for houses in Glen Iris is $2,273,000, up 4.0% from last year.
Median sale price for units in Glen Iris is $694,000, up 8.9% from last year.
Properties sold for houses in Glen Iris is 264, down 15.1% from last year.
Properties sold for units in Glen Iris is 252, down 0.4% from last year.
Auction clearance for houses in Glen Iris is 64.2%, down 9.6% from last year.
Auction clearance for units in Glen Iris is 77.1%, up 22.8% from last year.
Av days on market for houses in Glen Iris is 44, up 15.8% from last year.
Av days on market for units in Glen Iris is 34, down 20.9% 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.
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