Greenvale's larger blocks and newer family homes keep buyers engaged this month. Families seeking space and a settled, community feel tend to have already decided on this pocket of the northwest before they arrive at opens.
This is a family and value market rather than a prestige one, which places it in the more active part of the office. Newer family homes with room to grow are the steadier performers, driven by genuine need rather than speculation.
Owners who present their homes well and price to recent comparable sales are the ones seeing offers. The buyers here are motivated and family-driven, and a realistically priced, well-presented home is meeting them.
Median sale price for houses in Greenvale is $875,000, up 2.9% from last year.
Properties sold for houses in Greenvale is 523, up 23.1% from last year.
Properties sold for units in Greenvale is 4, down 55.6% from last year.
Auction clearance for houses in Greenvale is 64.5%, down 0.2% from last year.
Auction clearance for units in Greenvale is 50.0%, up 0.0% from last year.
Av days on market for houses in Greenvale is 48, up 4.3% 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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