Westmeadows' apartment market has posted a perfect 100 per cent clearance rate this year, up 15.4 per cent on last year, alongside a 2.9 per cent lift in the median to $612,500. House sales are up too, 21.3 per cent to 114, with the median climbing 14.4 per cent to $741,000.
House clearance has eased slightly to 79.2 per cent, down 10.1 per cent, even as sales volume has grown, suggesting buyers are engaged but comparing their options before committing. Days on market for houses remain brisk at 33.
With a genuine mix of housing stock and close proximity to Melbourne Airport and major transport links, Westmeadows continues to draw a broad cross-section of buyers, and this year's figures point to real, sustained demand across both parts of the market.
Median sale price for houses in Westmeadows is $740,500, up 13.1% from last year.
Median sale price for units in Westmeadows is $611,250, up 1.9% from last year.
Properties sold for houses in Westmeadows is 111, up 13.3% from last year.
Properties sold for units in Westmeadows is 28, up 7.7% from last year.
Auction clearance for houses in Westmeadows is 78.6%, down 8.8% from last year.
Auction clearance for units in Westmeadows is 100.0%, up 15.4% from last year.
Av days on market for houses in Westmeadows is 33, down 2.9% from last year.
Av days on market for units in Westmeadows is 39
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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