Surrey Hills is a blue-chip family suburb, but right now the downsizer market is the one leading. Two-bedroom units are clearing at around six in seven inside about five weeks, and three-bedroom units are close behind, with strong sales numbers, exactly the low-maintenance stock the dominant downsizer buyer is chasing as confidence builds into spring.
The house market is solid rather than uniform. Three-bedroom homes near $1.749m clear at around seven in ten, and even five-bedroom homes hold a similar rate, while the four-bedroom bracket near $2.2m is the softer middle at just under six in ten.
For owners of well-presented apartments and townhouses this is a genuinely strong moment to sell. For house sellers the demand is there, particularly at the smaller and larger ends, and a price grounded in this year's real sales is what converts interest into a firm offer.
Median sale price for houses in Surrey Hills is $2,020,000, down 3.8% from last year.
Median sale price for units in Surrey Hills is $835,000, up 0.0% from last year.
Properties sold for houses in Surrey Hills is 179, up 5.9% from last year.
Properties sold for units in Surrey Hills is 106, down 1.9% from last year.
Auction clearance for houses in Surrey Hills is 67.6%, down 3.5% from last year.
Auction clearance for units in Surrey Hills is 87.7%, up 9.1% from last year.
Av days on market for houses in Surrey Hills is 55, up 27.9% from last year.
Av days on market for units in Surrey Hills is 36, down 12.2% 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.
Discover the hidden potential of your biggest asset — for free, in seconds. Choose an Instant Appraisal for immediate market value and suburb performance, or request an in-depth Agent Appraisal from our experienced local Woodards professionals.
No obligation. No pressure. Just clarity.
Find Camberwell's Best Real Estate Agents at Woodards
All of our agents have the experience and local knowledge to guide you
Whether selling or investing, an appraisal of value will give you the confidence to make an informed decision
Switch to Woodards Property Management
