Ivanhoe East's leafy streets and gracious homes keep it tightly held, and the buyers active here are focused and motivated. The parkland proximity and established character draw a considered buyer who has chosen the pocket deliberately.
When quality stock comes to market here it is noticed. In line with the wider area, well-presented family homes find buyers while larger premium stock rewards realistic pricing off recent comparable sales.
Owners who present their homes well and price realistically are the ones achieving strong outcomes. In a tightly held pocket, the prepared, realistically priced home meets genuine demand.
Median sale price for houses in Ivanhoe East is $2,325,000, down 0.4% from last year.
Median sale price for units in Ivanhoe East is $885,000, down 12.4% from last year.
Properties sold for houses in Ivanhoe East is 38, down 19.1% from last year.
Properties sold for units in Ivanhoe East is 67, up 81.1% from last year.
Auction clearance for houses in Ivanhoe East is 53.1%, down 27.8% from last year.
Auction clearance for units in Ivanhoe East is 100.0%, up 200.0% from last year.
Av days on market for houses in Ivanhoe East is 35, down 37.5% from last year.
Av days on market for units in Ivanhoe East is 45, down 48.3% from last year.
$2,350,000
$2,325,000
$2,200,000
$2,057,500
$1,572,500
$1,325,000
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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