Hadfield's three-bedroom houses are the clear standout this month, clearing at 79 per cent with 87 sales this year at $875,000. Two-bedroom homes are trading at $620,000 with a more selective 45 per cent clearance rate, while four-bedroom family homes above $1 million are taking longer at 52 days, though still clearing at 55 per cent.
Apartments are a genuine part of the mix too, with two-bedroom units at $590,000 and three-bedroom units reaching $657,500. With close to three in four homes owner-occupied, this remains a settled family suburb.
The higher end here is taking longer to sell but is still finding buyers, consistent with the pattern across the wider area right now. Buyers want homes that are genuinely move-in ready, and affordable stock in the three-bedroom bracket is where the strongest, fastest interest is landing.
Median sale price for houses in Hadfield is $880,000, up 7.3% from last year.
Median sale price for units in Hadfield is $606,000, up 5.4% from last year.
Properties sold for houses in Hadfield is 179, up 8.5% from last year.
Properties sold for units in Hadfield is 36, up 24.1% from last year.
Auction clearance for houses in Hadfield is 68.9%, up 12.1% from last year.
Auction clearance for units in Hadfield is 100.0%, up 25.0% from last year.
Av days on market for houses in Hadfield is 42, down 25.0% from last year.
Av days on market for units in Hadfield is 28, down 22.2% 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.
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
