Wheelers Hill's larger blocks, family homes and school access keep buyers engaged this month. Those attending opens value the space and the catchments, and they tend to have already decided on the pocket.
The market is measured. Buyers are doing their homework and making considered offers in line with recent sales, so realistic pricing converts interest into results. Family homes on generous blocks are the standout.
Owners who present their homes well and price to recent comparable sales are the ones seeing offers. In a considered market, well-presented family stock continues to attract buyers.
Median sale price for houses in Wheelers Hill is $1,500,000, up 6.5% from last year.
Properties sold for houses in Wheelers Hill is 239, down 4.4% from last year.
Properties sold for units in Wheelers Hill is 9, down 30.8% from last year.
Auction clearance for houses in Wheelers Hill is 78.2%, up 1.6% from last year.
Auction clearance for units in Wheelers Hill is 87.5%, down 1.6% from last year.
Av days on market for houses in Wheelers Hill is 34, down 20.9% from last year.
$1,720,000
$1,500,000
$1,121,000
$1,120,000
$993,000
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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