Price drops in Wheelers Hill
Listings for sale in Wheelers Hill, VIC 3150 whose current asking price is a cut from an earlier one, and by how much. Updated daily.
Most recent cut recorded:
Listings reduced
12
21% of 56 live listings
Median cut
6.7%
$100K off the asking price
Days listed before cut
60
median, first listed to latest cut
Cuts, last 30 / 90 days
9 / 12
3 listings have raised instead
Wheelers Hill price-drop summary
12 listings in Wheelers Hill (21% of the 56 on the market) are advertised below an earlier asking price. The typical reduction is 6.7%, about $100K. House listings account for 10 of them, with a median cut of 6.7%. Going the other way, 3 listings have raised the asking price.
Cuts by property type
| Type | Listings reduced | Median cut |
|---|---|---|
| House | 10 | 6.7% |
| Apartment | 1 | 6.9% |
| Townhouse | 1 | 2.2% |
Largest current cuts in Wheelers Hill
By percentage, biggest first. Previous asking is the price immediately before the latest cut.
| Address | Previous asking | Now asking | Cut | Cut on | Property |
|---|---|---|---|---|---|
| 57 Lum Road | $5,000,000 | $4,400,000 | -12.0% | 5 bed House | |
| u1 & u2/4 Freda Court | $1,650,000 | $1,500,000 | -9.1% | 4 bed House | |
| 2 Jensen Court | $1,290,000 | $1,180,000 | -8.5% | 4 bed House | |
| 12 Sara Drive | $1,350,000 | $1,250,000 | -7.4% | 4 bed House | |
| 15A Ninevah Crescent | $1,450,000 | $1,350,000 | -6.9% | 4 bed Apartment | |
| 6 Hillard Court | $2,090,000 | $1,950,000 | -6.7% | 5 bed House | |
| 7 Garden Court | $2,250,000 | $2,100,000 | -6.7% | 4 bed House | |
| 22 Darlington Avenue | $1,375,000 | $1,320,000 | -4.0% | 4 bed House | |
| 205 Brandon Park Drive | $1,300,000 | $1,250,000 | -3.8% | 5 bed House | |
| 63 Phoenix Drive | $1,350,000 | $1,300,000 | -3.7% | 4 bed House | |
| 101 Grandview Road | $1,550,000 | $1,500,000 | -3.2% | 4 bed House | |
| 39 Oak Terrace | $990,000 | $968,000 | -2.2% | 3 bed Townhouse |
Suburb profile
Wheelers Hill market data
Median prices, rents, growth and vacancy for Wheelers Hill.
Sold prices
Recent sales in Wheelers Hill
What buyers actually paid, and how it compared with the asking price.
Australia-wide
All price rises and cuts
The national feed of asking-price changes, filterable by state, type and size of change.
Price drops in Wheelers Hill: common questions
How many properties in Wheelers Hill have had a price drop?
12 listings for sale in Wheelers Hill VIC 3150 are currently advertised below an earlier asking price, 21% of the 56 listings on the market. 9 of those cuts were recorded in the last 30 days and 12 in the last 90.
How much are Wheelers Hill sellers cutting their prices by?
The median cut is 6.7%, or $100K, measured from the previous advertised asking price to the current one on each listing.
How long are Wheelers Hill listings on the market before the price drops?
A median of 60 days from when the listing first appeared to its latest price cut, across 12 listings.
What counts as a price drop here?
A listing that is still for sale and whose current advertised asking price was set by a reduction from its previous asking price. Changes that cannot be confirmed as one advertisement repricing, such as several ads sharing one address, are left out.
Showing at most 30 listings. Asking prices are as advertised; a cut is not a sale price.