Rosanna's family homes, parklands and station convenience keep buyers engaged this month. Those attending opens value the green space and the schools, and they tend to have already committed to the pocket.
The wider area is steadier than the far east. Family homes here are clearing reasonably, with three-bedroom houses around 58 per cent and four-bedroom homes closer to 65 per cent, so well-presented stock priced to recent evidence is finding buyers. Rosanna's family homes sit squarely in that active band.
Owners who present their homes well and price to recent comparable sales are the ones seeing offers. Well-presented family stock priced to the evidence continues to attract committed buyers.
Median sale price for houses in Rosanna is $1,325,000, up 2.7% from last year.
Median sale price for units in Rosanna is $760,000, down 2.6% from last year.
Properties sold for houses in Rosanna is 121, down 14.2% from last year.
Properties sold for units in Rosanna is 33, down 10.8% from last year.
Auction clearance for houses in Rosanna is 68.7%, down 9.3% from last year.
Auction clearance for units in Rosanna is 78.9%, up 14.0% from last year.
Av days on market for houses in Rosanna is 40, up 14.3% from last year.
Av days on market for units in Rosanna is 14, down 60.0% 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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