Rosebud is carrying more volume than anywhere else covered in this update, with 237 three-bedroom sales this year at $795,000 and a solid 59 per cent clearance rate. Two-bedroom houses are the accessible entry point at $660,000, clearing at 58 per cent in around four weeks.
Four-bedroom family homes are trading at $997,273 with a more selective 47 per cent clearance rate, while five-bedroom homes above $1.5 million round out the top end. Apartments are performing steadily too, with two-bedroom units at $590,000 and three-bedroom units at $780,000.
Buyers across every bracket are favouring neat, structurally sound homes over flashy renovations, and with demand a touch quieter but stock tight too, well-priced properties are still finding genuine offers. Rosebud's depth of stock and buyer activity makes it one of the more reliable markets on this stretch of coast right now.
Median sale price for houses in Rosebud is $810,000, up 5.2% from last year.
Median sale price for units in Rosebud is $659,500, up 1.5% from last year.
Properties sold for houses in Rosebud is 386, down 2.8% from last year.
Properties sold for units in Rosebud is 57, up 7.5% from last year.
Auction clearance for houses in Rosebud is 58.9%, down 6.8% from last year.
Auction clearance for units in Rosebud is 100.0%, up 50.0% from last year.
Av days on market for houses in Rosebud is 33, down 10.8% from last year.
Av days on market for units in Rosebud is 55, up 5.8% 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.
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