Seville moves at a different pace to its neighbours closer to Lilydale. Volumes are modest and buyers here are considered rather than rushed, though the right home still draws genuine interest once it appears on the market and is presented well.
Four-bedroom homes are the most active bracket, with 16 sales this year at $1.125 million and an average of 43 days on market, noticeably slower than the office's faster-moving suburbs. Three-bedroom houses are trading in smaller numbers, and there is no meaningful apartment market here to speak of, with buyers overwhelmingly drawn to standalone homes on larger blocks.
With 90 per cent of homes owner-occupied, Seville remains a tightly held, semi-rural pocket where space and lifestyle matter as much as the house itself. First-home-buyer demand is real in the wider area, and homes priced sensibly for this quieter market are still finding buyers, just over a longer campaign than closer to Lilydale.
Median sale price for houses in Seville is $895,640, up 7.6% from last year.
Properties sold for houses in Seville is 33, down 8.3% from last year.
Av days on market for houses in Seville is 13, down 60.6% 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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