Warrandyte's median house price is up a healthy 9.9 per cent this year to $1,500,000, even as days on market have stretched 34.3 per cent to 47 days. That combination, buyers prepared to pay more but taking longer to decide, reflects the value-driven mood playing out across the wider area, buyers act when the price and presentation are right, not before.
Sales volume has eased, down 17.4 per cent to 71, consistent with genuinely low stock in this tightly held, bush-set community. Clearance has improved though, up 4.4 per cent to 73.7 per cent, a solid result for a suburb built almost entirely around standalone houses on generous, tree-lined blocks.
Buyers here are most excited by walk-in ready homes, and with no single buyer type dominating this month, vendors who study recent local sales and price accordingly are the ones converting genuine interest into an offer in Warrandyte's distinctive riverside setting.
Median sale price for houses in Warrandyte is $1,500,000, up 9.9% from last year.
Properties sold for houses in Warrandyte is 71, down 17.4% from last year.
Properties sold for units in Warrandyte is 1
Auction clearance for houses in Warrandyte is 73.7%, up 4.4% from last year.
Av days on market for houses in Warrandyte is 47, up 34.3% 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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