Yallambie's parkland edges and family homes keep buyers engaged this month. Those seeking space and green surroundings tend to have already committed to the pocket before attending opens.
The wider area is steadier than the far east. Family homes here are clearing reasonably, with three-bedroom houses around 58 per cent and four-bedroom homes closer to 65 per cent, so well-presented stock priced to recent evidence is finding buyers. Yallambie's family homes on good blocks sit in that active band.
Owners who present well and anchor their price to recent comparable sales are the ones seeing offers. Well-presented family stock priced to the evidence continues to find committed buyers.
Median sale price for houses in Yallambie is $1,021,000, up 2.2% from last year.
Properties sold for houses in Yallambie is 37, down 17.8% from last year.
Properties sold for units in Yallambie is 4, up 300.0% from last year.
Auction clearance for houses in Yallambie is 71.4%, down 11.4% from last year.
Auction clearance for units in Yallambie is 100.0%
Av days on market for houses in Yallambie is 21, down 19.2% 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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