Doonan Market Review October 2017

Doonan offers the real estate market so much choice and diversity. From it’s gorgeous views, to acreage lifestyle, tranquility and community, Doonan has a lot to offer.  It’s proximity to sea, shopping, schooling whilst continuing to offer privacy and seclusion makes Doonan a well situated gem.

So what’s been happening in the market over the last year or so?

Doonan has just over 1500 properties, with just over 5.5% currently on the market – this is a little higher than the average, but not unusually so.  Average days on market is currently just over 2 months, and this has reduced from days on market seen during winter, when it is traditionally a little slower.

In the last 12 months we have seen:

  • 96 properties sold in Doonan – down from 110 sold the 12 months previous to that
  • an average house sales value of just under $850,000 – up from an average of $770,000 for the previous 12 months
  • an average land sales value of just under $450,000, up from an average of just over $420,000 for the 12 months previous
  • the average weekly rent is currently $639/week, with most rentals being 4 bed rentals. There are statistically very few permanent rentals in the Doonan area relative to number of houses, so these statistics are skewed by a small sample size, and will therefore vary widely year on year.

Doonan’s diversity in property types, land sizes, age of houses and positioning, makes real estate ownership in this market an exciting one.  

If you are looking for an opinion on your home’s market value, or simply to get a perspective on market dynamics, please feel free to give me a call. Always happy to connect.

Source: Corelogic



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