Dudley Park had a solid showing in July, with strong buyer and renter demand continuing to drive momentum across both segments of the market.
SALES
There were 13 residential sales during the month, holding steady compared to July last year. The median house price rose slightly to $660,000, reflecting a 12.3% annual increase.
LISTINGS
Listings remained tight, with just 12 properties advertised for sale at the end of July. That’s 20% lower than this time last year, contributing to competitive conditions.
LAND
Land sales were limited, with only 4 blocks sold during the month. The median land price came in at $279,000, showing steady growth of over 16% year-on-year.
SALES TIME ON MARKET
Homes moved fast in July, with the median time to sell sitting at 20 days — a 10-day improvement from July 2024. Units moved even quicker, averaging just 9 days.
RENTALS
Rental activity stayed strong, with 16 leases signed for the month. The median rent price for houses was $560 per week, up slightly from the same time last year.
RENTALS TIME ON MARKET
There were 13 rental properties listed at the end of July. Median time to lease was 20 days, consistent with seasonal averages and reflecting stable tenant demand.
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