Sunbury is carrying the volume for this update, and the numbers show real depth at every level. Three-bedroom houses are the clear leader with 389 sales this year at $651,000 and a 73 per cent clearance rate in a brisk twelve days, while two-bedroom homes remain the accessible entry point at $528,750.
Four-bedroom family homes are trading steadily at $770,000 with 568 sales, though clearance eases to 47 per cent as buyers become more selective at that level. Five-bedroom homes above $965,000 round out a more conservative top end. Apartments are performing well too, with two-bedroom units at $510,000 and three-bedroom units at $567,500.
With just under half of households here families and just over half single, Sunbury draws a genuinely broad range of buyers. First-home buyers and family upsizers are both highly active, and with this much stock clearing quickly in the middle bracket, well-presented homes are meeting the market fast.
Median sale price for houses in Sunbury is $720,000, up 7.0% from last year.
Median sale price for units in Sunbury is $530,000, up 5.5% from last year.
Properties sold for houses in Sunbury is 1,070, up 0.1% from last year.
Properties sold for units in Sunbury is 95, down 24.6% from last year.
Auction clearance for houses in Sunbury is 59.8%, down 11.9% from last year.
Auction clearance for units in Sunbury is 33.3%, up 0.0% from last year.
Av days on market for houses in Sunbury is 18, down 35.7% from last year.
Av days on market for units in Sunbury is 27, down 27.0% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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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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