Kooyong is one of Melbourne's smallest and most tightly held addresses, a leafy, blue-ribbon pocket where very few homes change hands in any given year. So little trades that reliable medians are not published, which itself tells the story: this is a suburb held for the long term, with around three-quarters of homes owner-occupied.
When a quality home or apartment does come to market, it is a genuine event, and the current flight to quality means demand for security and prestige in a postcode like this is real.
For the rare vendor here, scarcity is the great advantage, but it does not remove the need for discipline. Buyers at this level are discerning and well advised, so presentation and a price grounded in the most recent comparable sales are what bring the right buyer forward. In a market where the strongest buyers are ready to act, a well-prepared home meets that readiness.
Properties sold for houses in Kooyong is 10, up 150.0% from last year.
Properties sold for units in Kooyong is 9, up 0.0% from last year.
Auction clearance for houses in Kooyong is 66.7%, down 33.3% from last year.
Auction clearance for units in Kooyong is 100.0%, up 0.0% 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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