property
Investor Return Lifts Roxburgh Park Clearance Rates, Shortens Listing Times
Buyers returning after a quiet first quarter have lifted clearance rates and shortened listing times on family homes.
How we reported this
Investor purchases jumped in the last six weeks, driving multiple offers on three-bedroom homes and pushing median sale prices higher in Roxburgh Park.
The shift follows months of restrained activity that left many listings sitting for 40 days or more. Local agents report that out-of-area funds now target entry-level stock near transport links, where yields remain attractive compared with tighter markets in other regional centres.
Properties within walking distance of the Roxburgh Park Recreation Reserve and the Roxburgh Park Community Hub have drawn the strongest interest. Several investors have placed offers on houses along Somerton Road and Pascoe Vale Road, where rental demand from shift workers at nearby warehouses stays steady.
Clearance rates climb at weekend auctions
Four of the six homes offered at Roxburgh Park auctions on 4 July sold under the hammer, compared with two of seven in the same week last year. One three-bedroom weatherboard on Somerton Road fetched $735,000 after eight registered bidders, exceeding the vendor's reserve by $25,000. Another listing near the Roxburgh Park Library closed at $698,000 after a four-way contest that lasted 12 minutes.
Domain data released 7 July shows the suburb median reached $712,000 for the June quarter, up 4.8 per cent from March. Investor loans accounted for 31 per cent of settlements in that period, the highest share since late 2024.
Practical steps for buyers facing tighter conditions
Agents advise first-home buyers to secure pre-approval before inspecting and to focus on properties listed before the next auction cycle in mid-August. Those seeking investment stock should factor in recent rate movements and verify rental returns against comparable leases on Pascoe Vale Road, where two-bedroom units now command $520 a week.
This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.