Seddon's period homes and the village shops keep buyers engaged this month. Those attending opens value the character and the community feel, and they tend to have already committed to this tightly held inner-west 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. Period family homes are the standout.
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 Seddon is $1,075,000, down 0.2% from last year.
Median sale price for units in Seddon is $570,000
Properties sold for houses in Seddon is 109, up 23.9% from last year.
Properties sold for units in Seddon is 21, up 133.3% from last year.
Auction clearance for houses in Seddon is 63.8%, down 11.5% from last year.
Auction clearance for units in Seddon is 80.0%, up 60.0% from last year.
Av days on market for houses in Seddon is 49, down 12.5% from last year.
Av days on market for units in Seddon is 81
$1,160,000
$1,075,000
$990,000
$960,000
$880,000
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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