Woodend offers one of the fullest spreads of family housing covered in this update, and buyers are working through it methodically. Time on market in the $600,000 to $1 million range remains strong, in keeping with the wider pattern across the Macedon Ranges.
Two-bedroom houses are trading at $722,500, and three-bedroom homes at $880,000 with 45 sales this year. Four-bedroom family homes are close behind at $1.1 million with 47 sales, while five-bedroom homes above $1.7 million are the most conservative bracket, often taking more than five months to sell. Apartments are a smaller part of the market here, with a handful of sales across two and three-bedroom units.
With just over half of local households families, buyers want homes with genuine entertaining areas and established gardens, and first-home buyers are active alongside family upsizers. It is a good time to trade up in Woodend while stock in the middle of the market keeps moving.
Median sale price for houses in Woodend is $1,015,000, up 10.3% from last year.
Properties sold for houses in Woodend is 115, up 15.0% from last year.
Properties sold for units in Woodend is 11, up 0.0% from last year.
Auction clearance for houses in Woodend is 33.3%, down 16.7% from last year.
Av days on market for houses in Woodend is 56, down 30.9% from last year.
$1,405,000
$1,355,000
$1,160,000
$1,085,000
$1,015,000
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.
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 Gisborne’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
