Glenroy is the deepest market in this update, with 599 house sales this year, up 11.3 per cent, at a median of $780,000, up 10.1 per cent. The apartment market is strong too, unit sales up 8.9 per cent to 147 and prices up 10.9 per cent to $610,000.
Clearance has improved across both markets, up 0.7 per cent for houses to 68.7 per cent and up a strong 15.2 per cent for units to 69.1 per cent. Days on market have fallen too, down 7.7 per cent for houses and a sharp 38.3 per cent for units to just 29 days.
That combination of genuinely high volume, rising prices and improving clearance across both houses and units makes Glenroy one of the most consistently strong performers covered in this update right now.
Median sale price for houses in Glenroy is $787,500, up 11.0% from last year.
Median sale price for units in Glenroy is $610,000, up 9.4% from last year.
Properties sold for houses in Glenroy is 576, up 3.8% from last year.
Properties sold for units in Glenroy is 139, down 2.1% from last year.
Auction clearance for houses in Glenroy is 67.3%, down 1.6% from last year.
Auction clearance for units in Glenroy is 64.3%, up 6.5% from last year.
Av days on market for houses in Glenroy is 38, up 0.0% from last year.
Av days on market for units in Glenroy is 30, down 26.8% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
Would you hand the keys to your brand-new car to someone you barely know without making sure it was insured? It's a question we often ask investors when discussing landlord insurance.
Before a prospective renter walks through the door, much of the work that determines a successful tenancy should already be underway.
You check your phone, hoping for an update. Another inspection has finished, and you’re waiting to hear whether someone has applied.
Buying an investment property is exciting. Between finance, contracts, building inspections and settlement, there is a lot happening in a relatively short period of time.
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 Pascoe Vale’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
