Gowanbrae remains one of the smaller markets in this part of Melbourne's north-west, with house sales easing 22.0 per cent this year to 32, even as the median price held firm, up 6.5 per cent to $937,500. Clearance improved slightly too, up 2.2 per cent to 71.0 per cent.
The tiny apartment market saw a lift in activity, unit sales up 200 per cent on last year, though from a very small base of just three sales, so the figure should be read with that context firmly in mind.
With close to eight in ten homes owner-occupied and predominantly modern housing stock, Gowanbrae remains a settled, family-oriented pocket close to Melbourne Airport. The steady price growth against lower volume suggests a market that is tightly held rather than slowing in genuine demand.
Median sale price for houses in Gowanbrae is $910,500, up 3.5% from last year.
Properties sold for houses in Gowanbrae is 29, down 29.3% from last year.
Properties sold for units in Gowanbrae is 3, up 200.0% from last year.
Auction clearance for houses in Gowanbrae is 71.4%, up 1.6% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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