Kilsyth South is seeing the same dynamic playing out across the area, softer prices but very tight supply. That shortage of listings is keeping the market steadier than the broader noise suggests, and supporting owners who commit to selling.
Buyer demand is concentrated on lower-priced homes and development-ready sites. Owners have been hesitating through winter and the media uncertainty, and that hesitation keeps stock scarce.
Spring is likely to bring a rush of listings, possibly an oversupply. For anyone committed to selling, acting quickly while supply is low makes sense, and those buying and selling in the same market will find the balance works in their favour.
Median sale price for houses in Kilsyth South is $1,160,000, up 2.0% from last year.
Properties sold for houses in Kilsyth South is 17, down 43.3% from last year.
Auction clearance for houses in Kilsyth South is 75.0%, down 25.0% from last year.
Av days on market for houses in Kilsyth South is 14, up 7.7% 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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