Oakleigh South is clearing homes consistently across almost every single bracket right now. Three-bedroom houses are trading at $1.13 million with an 82 per cent clearance rate, and four-bedroom family homes lead on volume with 53 sales this year at $1.269 million, a genuinely strong result for that size.
Five-bedroom homes above $1.4 million are clearing strongly too, at 75 per cent, and apartments are performing exceptionally well across the board, with three-bedroom units clearing at 91 per cent at $923,750 and two-bedroom units at 75 per cent.
With 77 per cent of homes owner-occupied, this remains one of the more settled family suburbs covered in this update. Buyers want move-in ready homes with updated kitchens and bathrooms, and with clearance this strong across every bracket, well-presented properties are attracting genuine, decisive competition from committed buyers.
Median sale price for houses in Oakleigh South is $1,239,250, up 14.7% from last year.
Median sale price for units in Oakleigh South is $747,500, up 4.5% from last year.
Properties sold for houses in Oakleigh South is 122, up 13.0% from last year.
Properties sold for units in Oakleigh South is 38, down 22.4% from last year.
Auction clearance for houses in Oakleigh South is 74.6%, down 4.4% from last year.
Auction clearance for units in Oakleigh South is 82.8%, down 7.7% from last year.
Av days on market for houses in Oakleigh South is 38, down 9.5% from last year.
Av days on market for units in Oakleigh South is 50, up 19.0% 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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