Real estate values continue to slip

Just one home was sold in Sunbury last week according to data from Real Estate Institute of Victoria. The four bedroom Isabella St property sold for $635,000 at auction on 27 February. A home at Olive Gr that went under the hammer on 29 February was passed in.

The institute puts the median price of a home in Sunbury at $648 (in Q3 2022 it was $720,000), with the central Melbourne median placed at $909,000. Sunbury prices have dropped by 2.2% over the quarter.

The institute says clearance rates for Sunbury are 71% and that properties in the town take an average 34 days to sell.

Median price by BedroomsSunburyMetro
2 Bedrooms$500,000$920,000
3 Bedrooms$610,000$815,000
4 Bedrooms$723,000$970,000
13 Isabella St sold for $635,000 at auction.
AddressBedsPriceTypeMethodSale DateAgent
13 Isabella St, Sunbury4House (Res)Auction Sale27/02/2024Ray White Sunbury
55 Olive Gr, Sunbury4House (Res)Passed in at Auction29/02/2024Raine & Horne Sunbury