Macedon's market is compact but selective. Four-bedroom family homes are the only bracket with enough volume for a reliable figure, trading at $1.105 million in around nine weeks, and that pace lines up with the broader story of strong time on market in the middle bracket.
Two, three and five-bedroom houses are trading too, fourteen sales between them this year, though volumes in each individual bracket are too low to point to a dependable median. What is clear is that buyers here want established homes with room to entertain, on the kind of leafy, landscaped blocks Macedon is known for.
With 89 per cent of homes owner-occupied, this remains a settled, family-first town. First-home buyers and upsizers are both circling, and while the luxury end stays conservative in line with the wider area, well-presented family homes in the $1 million range are finding genuine interest.
Median sale price for houses in Macedon is $1,085,000, down 1.4% from last year.
Properties sold for houses in Macedon is 28, up 64.7% from last year.
Auction clearance for houses in Macedon is 100.0%, up 0.0% from last year.
Av days on market for houses in Macedon is 61, down 63.7% 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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