Ivanhoe's gracious period homes, leafy streets and village shops keep demand steady this month. Buyers are drawn by the character and the position, and those attending opens tend to have already committed to the area.
At the prestige end of the office, the pattern is that well-presented quality homes find buyers while larger premium stock rewards realistic pricing. The nearby Heidelberg data shows family homes clearing in the high 50s to mid 60s, a steadier picture than much of the east.
Owners who present their homes well and price to recent comparable sales are achieving results. The character and the village sell the suburb, and realistic pricing sells the home.
Median sale price for houses in Ivanhoe is $1,572,500, down 3.5% from last year.
Median sale price for units in Ivanhoe is $610,000, down 3.2% from last year.
Properties sold for houses in Ivanhoe is 181, up 4.0% from last year.
Properties sold for units in Ivanhoe is 264, up 2.7% from last year.
Auction clearance for houses in Ivanhoe is 51.5%, down 20.4% from last year.
Auction clearance for units in Ivanhoe is 77.4%, up 12.3% from last year.
Av days on market for houses in Ivanhoe is 41, up 7.9% from last year.
Av days on market for units in Ivanhoe is 45, up 21.6% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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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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