Glen Waverley's highly regarded school zone continues to drive focused inquiry this month. Buyers with school-age families arrive at opens already knowing which streets they are targeting, and that intent translates into follow-through when a home is priced to the market.
The market is measured but active where the catchment applies. Buyers are doing their homework and making considered offers in line with recent sales. Family homes within the zone are the standout, drawing motivated, practical buyers.
Owners who present their homes well and price to recent comparable sales are the ones seeing offers. In a school-driven market, the well-prepared home in the right zone finds committed demand.
Median sale price for houses in Glen Waverley is $1,720,000, up 4.2% from last year.
Median sale price for units in Glen Waverley is $800,000, up 3.2% from last year.
Properties sold for houses in Glen Waverley is 557, down 6.7% from last year.
Properties sold for units in Glen Waverley is 188, up 13.9% from last year.
Auction clearance for houses in Glen Waverley is 68.9%, down 7.4% from last year.
Auction clearance for units in Glen Waverley is 74.7%, down 7.6% from last year.
Av days on market for houses in Glen Waverley is 52, down 1.9% from last year.
Av days on market for units in Glen Waverley is 43, down 10.4% 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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