Gowanbrae's compact, well-connected streets keep it appealing to families and first home buyers this month. Those attending opens value the parkland edges and the freeway access of this smaller northwest pocket.
Sitting at the accessible end of the office, Gowanbrae is in the more active part of the market. Family homes and townhouses at reasonable price points are the steadier performers, consistent with strong entry-level demand across the wider area.
Owners who present their homes well and price to recent comparable sales are achieving solid outcomes. The buyers here are genuine, and a well-presented home priced to the market is meeting them.
Median sale price for houses in Gowanbrae is $937,500, up 6.5% from last year.
Properties sold for houses in Gowanbrae is 32, down 22.0% from last year.
Properties sold for units in Gowanbrae is 3, up 200.0% from last year.
Auction clearance for houses in Gowanbrae is 71.0%, up 2.2% 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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