Lancefield offers some of the more accessible pricing in this update, with three-bedroom houses trading at $660,000 and four-bedroom family homes at $750,000, both comfortably inside the $600,000 to $1 million band performing strongest across the wider area.
Nineteen three-bedroom homes have sold this year in an average of nine weeks, and fifteen four-bedroom homes in around seven weeks, together making up the bulk of activity. Two and five-bedroom homes round out a smaller share of the market. Buyers here are looking for established homes with room to entertain, on blocks with genuine garden space.
With just over half of households here families and 86 per cent of homes owner-occupied, Lancefield remains a settled community. First-home buyers and family upsizers are both active at this price point, and it is a genuinely good time to make the move while stock in this range keeps clearing.
Median sale price for houses in Lancefield is $736,000, up 2.2% from last year.
Properties sold for houses in Lancefield is 37, down 27.5% from last year.
Auction clearance for houses in Lancefield is 100.0%
Av days on market for houses in Lancefield is 51, down 15.0% 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.
Discover the hidden potential of your biggest asset — for free, in seconds. Choose an Instant Appraisal for immediate market value and suburb performance, or request an in-depth Agent Appraisal from our experienced local Woodards professionals.
No obligation. No pressure. Just clarity.
Find Gisborne’s Best Real Estate Agents at Woodards
All of our agents have the experience and local knowledge to guide you
Whether selling or investing, an appraisal of value will give you the confidence to make an informed decision
Switch to Woodards Property Management
