Macleod's quiet streets, parkland and station access keep it appealing to family buyers this month. Those attending opens value the community feel and the convenience, and they tend to have already decided on the pocket.
The wider area is holding up steadily, with Heidelberg's family homes clearing in the high 50s to mid 60s and the unit market above 70 per cent. Macleod's family homes and units sit in that active range.
Owners who present their homes well and price to recent comparable sales are achieving solid outcomes. In this steadier market, the well-presented, realistically priced home is meeting the active buyers.
Median sale price for houses in Macleod is $1,140,000, up 10.5% from last year.
Median sale price for units in Macleod is $705,000, down 2.8% from last year.
Properties sold for houses in Macleod is 103, down 8.8% from last year.
Properties sold for units in Macleod is 54, up 10.2% from last year.
Auction clearance for houses in Macleod is 78.3%, up 14.3% from last year.
Auction clearance for units in Macleod is 78.3%, up 35.2% from last year.
Av days on market for houses in Macleod is 30, down 11.8% from last year.
Av days on market for units in Macleod is 33, up 22.2% 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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