Miles has wrapped up the second quarter of 2025 with exceptional results, achieving our best Q2 performance in over a decade. Between 1 April and 30 June, the Miles team successfully sold 137 residential and commercial properties, surpassing the 125 transactions recorded in the same period last year. This includes 122 residential sales (with 14 conducted off-market) and 15 commercial sales, demonstrating positive activity across both sectors for sellers and buyers alike.
Clearance rates remain solid in Banyule with 78% on average for houses and 73% for units.
Our success reflects a market where many buyers and investors remain active and confident, even as broader economic conditions remain uncertain. This momentum is matched by our sales team, who continue to excel across the Banyule market, maintaining a solid market share in all segments.
Standout Sales
11 Mossman Drive, Eaglemont – an off-market sale conducted by Stewart Oldmeadow achieving $4.2M
72 Grandview Grove, Rosanna – sold via an EOI campaign conducted by Paul Carbone achieving a record price for the suburb.
31 Walis Avenue, Ivanhoe East – sold for $2.825M with three bidders competing at Auction.
Market Highlights
Ivanhoe performed very positively, with house prices up 11.7% to a median of $2.2 million, while units rose 18.1% to a median of $706,000, underscoring the suburb’s ongoing appeal to both family buyers and downsizers.
Ivanhoe East recorded a healthy rise in house prices, up 7.8% to a median of $2.5 million as one of the area’s premium pockets.
Heidelberg Heights maintained its upward trajectory, with house prices increasing 7.5% to $903,000, reflecting strong demand for quality homes in more affordable locations.
Viewbank saw units grow 9.6% to a median of $850,000, highlighting steady interest in quality apartment living in family-friendly areas.
Heidelberg units rose 6.8% to a median of $695,000 due to continued interest in low-maintenance properties close to medical precincts, shopping and transport.
If you are considering selling, please get in touch. The Miles team can take care of every detail when bringing your property to market. From an up-to-date appraisal and coordinating a pre-sale refresh or renovation by the Miles Concierge service to maximise value. Our experienced agents will lead a sophisticated marketing campaign tailored to your properties’ unique selling proposition, all designed to achieve the best possible result.
