Real Estate Appraisal Nunawading VIC 3131

<p>The median price for a house in Nunawading is <b>$1,150,000</b> as of January 23, 2023. A median-priced unit is <b>$770,000</b>.</p><p>There have been 107 houses and 48 units sold in the last year. The average annual capital growth for houses is 2.17% and units is 3.06%.</p><p>The 12-month capital growth is -1.87% on houses and 4.10% on units.</p><p>According to the Demand Supply Ratio DSR homes are ranked as above average and units are ranked as good. In terms of supply and demand, this market is in equilibrium. When compared to the amount of prospective buyers, there is a fair quantity of houses for sale. Buyers and sellers are engaged in a fierce tug-of-war. Sellers may be able to get away with a low price if they discover a customer who hasn&#x27;t done their homework. If a buyer can discover a seller that is looking for a rapid sale, they may be able to secure a fantastic deal. Prices should rise at the same rate as the national average.</p><p>It takes on average 26 days to sell a house and 33 days to sell a unit in Nunawading.<br/></p><p><b>House prices and rent returns in Nunawading.</b></p><ul><li>2 bedroom home $885,000, Rent per week $420</li><li>3 bedroom home $1,118,000, Rent per week $470</li><li>4 bedroom home $1,380,000, Rent per week $595</li></ul><p><b>Unit prices and rent returns in Nunawading.</b></p><ul><li>1 bedroom unit N/A, Rent per week $355</li><li>2 bedroom unit $679,000, Rent per week $390</li><li>3 bedroom unit $835,000, Rent per week $485</li></ul><p>The Nunawading gross rental yield for houses is 2.32% and for units, it is 3.26%.</p>

<ul><li>Recent property sales history in the Nunawading district</li><li>Location and the proximity to amenities</li><li>Accessibility of schools and shops</li><li>Comparison of market values</li><li>Condition and size of the property</li></ul>

<p><a href="https://www.barryplant.com.au/sold-properties/?status=sold&amp;property_class=residential&amp;listing_type=sale&amp;search_view=location&amp;save_search=false&amp;advanced=false&amp;address_suburb=NUNAWADING&amp;order_by=-created">View recently sold properties in Nunawading</a></p>

<p>Nunawading is a Melbourne suburb in Victoria, Australia, located 18 kilometres east of the city&#x27;s central business district. It is governed in part by the City of Whitehorse and in part by the City of Manningham. Nunawading has a population of 11,876 people according to the 2016 Census. Neighbouring suburbs include Blackburn, Mitcham and Donvale.</p><p>Whitehorse Road, Nunawading is Melbourne&#x27;s largest bulk goods retail corridor. The Mega Mile has been dubbed by the City of Whitehorse in an attempt to provide shops with a brand identity. A big Pacific Brands apparel factory and a brick plant are located in Nunawading. On Central Road, there is a huge Seventh-day Adventist complex containing a church, church offices, a retail book shop, Coronella Retirement Village, and Nunawading Christian College.</p><p>Nunawading has profited from the new train station, which is one of the major metropolitan stations in the Eastern Suburbs, as well as the grade separation of Springvale Road, which was completed in 2010. Nunawading&#x27;s south and north portions are now more connected, with easier access to the Eastern Freeway, which runs along the suburb&#x27;s top.</p>

<p>There is 3 schools in Nunawading, as well as an array of other schools nearby in the surrounding suburbs.</p><ul><li><a href="https://mtpleasantroadps.vic.edu.au/">Mount Pleasant Road Nunawading Primary School</a></li><li><a href="https://nunawading.vic.edu.au/">Nunawading Christian College - Primary</a></li><li><a href="http://nunawading.vic.edu.au/">Nunawading Christian College - Secondary</a></li></ul>

<p>Office: <a href="/offices/whitehorse/">Barry Plant Whitehorse</a><br/>Phone: <a href="tel:03 9874 3355">03 9874 3355</a></p>