Wandin North sits just above the $700,000 to $850,000 band that is drawing the most first-home-buyer competition elsewhere in the office, and it is still moving at a healthy pace this year with steady, consistent interest from upsizers and lifestyle buyers alike.
Three-bedroom houses are selling at $853,500 in an average of 19 days, with 18 sales this year. Four-bedroom homes are trading around $1.03 million, and larger five-bedroom properties are also finding buyers, though volumes are too low for a reliable median at that end of the market to be meaningful.
With 90 per cent of homes owner-occupied and just over half of households families, this remains a settled, semi-rural community. Buyers drawn to Wandin North want space and a genuine connection to the Yarra Valley lifestyle, and well-presented homes just above the hottest price band are still attracting strong, decisive interest from a genuinely engaged pool.
Median sale price for houses in Wandin North is $875,000, down 8.0% from last year.
Properties sold for houses in Wandin North is 37, down 22.9% from last year.
Av days on market for houses in Wandin North is 20, down 16.7% from last year.
$945,000
$905,000
$895,640
$892,000
$875,000
$845,000
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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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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