Niddrie's family homes and the convenience of the Keilor Road strip keep buyers engaged this month. Those attending opens value the shops, cafes and transport, and they tend to have already committed to the pocket.
In line with the wider area, entry-level houses and smaller units are the quicker movers, while larger and premium homes take longer and need pricing set to recent evidence. Niddrie's mix of family homes and well-kept units places most of its stock in the steadier part of that range.
Owners who present their homes well and price to recent comparable sales are achieving results. A realistically priced, well-presented home is meeting the active buyers.
Median sale price for houses in Niddrie is $1,200,000, down 4.8% from last year.
Median sale price for units in Niddrie is $865,000, up 22.7% from last year.
Properties sold for houses in Niddrie is 117, down 4.9% from last year.
Properties sold for units in Niddrie is 17, down 32.0% from last year.
Auction clearance for houses in Niddrie is 73.5%, up 16.9% from last year.
Auction clearance for units in Niddrie is 63.6%, up 1.8% from last year.
Av days on market for houses in Niddrie is 41, down 18.0% 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.
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