Jacana remains one of the smallest markets in this update, with three-bedroom houses the only bracket carrying enough volume for a reliable figure, trading at $650,000 with a strong 74 per cent clearance rate this year. Two, four and five-bedroom homes round out the rest of the market in much smaller numbers.
With 65 per cent of homes owner-occupied and a young population, this is a settled, family-first pocket where properties don't come to market often. Apartments remain a very minor part of the mix here, with only a handful of sales recorded.
Buyers want homes that are genuinely move-in ready, and an influx of young families is adding to demand in this price bracket. With stock this limited, well-presented three-bedroom homes are clearing quickly and confidently, ahead of much of the wider area.
Median sale price for houses in Jacana is $630,000, up 9.0% from last year.
Properties sold for houses in Jacana is 37, down 30.2% from last year.
Properties sold for units in Jacana is 8, down 42.9% from last year.
Auction clearance for houses in Jacana is 80.8%, up 7.7% from last year.
Auction clearance for units in Jacana is 80.0%
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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