Real Estate Ivanhoe East, VIC, 3079 Banyule

Thinking about buying in Ivanhoe East? Now could not be a better time, with a whopping 2106 properties either residential or commercial there's certainly plenty to choose from.

The average property price for this area is $2,894,000 with prices in this suburb ranging from $655,000 to $15,641,000.

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Ivanhoe East Real Estate Market Outlook

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in Ivanhoe East ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Ivanhoe East provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Ivanhoe East to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Ivanhoe East we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Ivanhoe East a better buying opportunity than it may have been in the past.