Maidstone's relative value and inner-west convenience keep first home buyers and investors engaged this month. Those who have compared neighbouring suburbs are finding this pocket accessible, and that is bringing genuine buyers to opens.
The market is measured. Buyers are doing their due diligence and making considered offers, rewarding homes priced to recent sales. Original homes and new townhouses are both seeing interest.
Owners who present well and anchor their price to recent comparable sales are the ones seeing offers. In a considered market, the realistically priced home finds its buyer.
Median sale price for houses in Maidstone is $800,000, up 4.6% from last year.
Median sale price for units in Maidstone is $426,000, down 3.2% from last year.
Properties sold for houses in Maidstone is 193, up 12.9% from last year.
Properties sold for units in Maidstone is 67, up 26.4% from last year.
Auction clearance for houses in Maidstone is 60.6%, down 9.1% from last year.
Auction clearance for units in Maidstone is 83.3%, up 45.8% from last year.
Av days on market for houses in Maidstone is 44, down 24.1% from last year.
Av days on market for units in Maidstone is 46, down 41.8% 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.
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
