Keilor East's family homes and river-parkland proximity keep buyers engaged this month. Those attending opens are drawn by the space and the established feel of the pocket, and they tend to know the area well.
In line with the wider area, entry-level houses and smaller units are the quicker movers, while larger and premium homes take longer and need pricing set to recent evidence. Keilor East's family homes on good blocks sit in the steadier band of that range.
Owners who present well and anchor their price to recent comparable sales are the ones seeing offers. The buyers here are genuine and need-driven, and a realistically priced, well-presented home is meeting them.
Median sale price for houses in Keilor East is $1,092,500, up 13.2% from last year.
Median sale price for units in Keilor East is $630,000, down 13.5% from last year.
Properties sold for houses in Keilor East is 265, up 9.1% from last year.
Properties sold for units in Keilor East is 19, down 26.9% from last year.
Auction clearance for houses in Keilor East is 71.9%, up 2.9% from last year.
Auction clearance for units in Keilor East is 85.7%, up 17.9% from last year.
Av days on market for houses in Keilor East is 38, down 25.5% 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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