The Madora Bay property market remained above the $1 million mark during August, recording a median dwelling price of $1,007,500. Six total sales were recorded, with 27 properties listed for sale.
The median selling period was 42 days. Residential land recorded a median price of $410,000.
The Madora Bay rental market recorded a median rent of $680 per week, with seven properties leased and a median leasing period of 16 days.
What This Means
Sellers considering Madora Bay real estate should note that the median remains above $1 million, but properties are taking longer to sell than in several neighbouring suburbs. Buyers have more time and choice, while investors have a strong current weekly rental benchmark.
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