Maribyrnong's river parklands, newer apartments and shopping convenience keep buyers engaged this month. Those attending opens value the green space and the amenity, and they tend to have already decided on the pocket.
The market is measured. Buyers are doing their homework and making considered offers in line with recent sales, so realistic pricing converts interest into results. Apartments near the river and family homes are both seeing interest.
Owners who present their homes well and price to recent comparable sales are the ones seeing offers. In a considered market, the well-prepared home finds its buyer.
Median sale price for houses in Maribyrnong is $1,053,000, up 16.4% from last year.
Median sale price for units in Maribyrnong is $458,000, up 4.1% from last year.
Properties sold for houses in Maribyrnong is 146, up 7.4% from last year.
Properties sold for units in Maribyrnong is 205, up 9.0% from last year.
Auction clearance for houses in Maribyrnong is 63.9%, up 15.3% from last year.
Auction clearance for units in Maribyrnong is 47.8%, up 19.6% from last year.
Av days on market for houses in Maribyrnong is 48, up 20.0% from last year.
Av days on market for units in Maribyrnong is 33, down 47.6% 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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