4/489B Mahoneys Road, Fawkner VIC 3060

| 7 days on market | older villa stock | above suburb median | Fawkner buyer pool thinning | This property carries a recency cost: listed only a week, it signals urgency but also risk of price anchoring. The absence of recent comparable sales for this exact unit leaves valuation exposed to negotiation leverage by you. Proceed with a conditional offer tied to a pest inspection-structural retrofit costs in older villa blocks run $15,000-30,000 above market allowance. Hold only if you plan to occupy; resale liquidity here is weaker than entry-level houses. What works for a buyer is the 2-car garage layout and 5G coverage-rare in Fawkner’s villa stock, directly supporting dual-occupancy lifestyle or commute flexibility. With the median under $511,000, this unit prices above but removes parking compromise. It serves best a first-home buyer valuing low-maintenance and school-zone access over capital growth. Secure a building report before negotiating; then move to pre-approval to lock the viewing slot.