Median sale price for houses in Strathmore is $1,430,000, down 6.7% from last year.
Median sale price for units in Strathmore is $665,000, down 3.3% from last year.
Properties sold for houses in Strathmore is 151, up 0.7% from last year.
Properties sold for units in Strathmore is 21, down 48.8% from last year.
Auction clearance for houses in Strathmore is 57.0%, down 10.4% from last year.
Auction clearance for units in Strathmore is 60.0%, up 8.0% from last year.
Av days on market for houses in Strathmore is 71, up 18.3% from last year.
Av days on market for units in Strathmore is 52, down 18.8% from last year.
For property investors, a rental increase can strengthen cash flow and help an investment keep pace with the market. But the amount is only part of the equation. Timing, tenancy history and the terms of the rental agreement can determine whether that increase is available now—or months down the track.
The Reserve Bank's decision to increase the cash rate by 25 basis points to 4.85 per cent is disappointing for mortgage holders, but hardly unexpected given the latest inflation figures.
A tired kitchen. Worn carpet. Walls that have seen better days. When an investment property becomes vacant, it can be tempting to renovate everything at once.
Would you hand the keys to your brand-new car to someone you barely know without making sure it was insured? It's a question we often ask investors when discussing landlord insurance.
Discover the hidden potential of your biggest asset — for free, in seconds. Choose an Instant Appraisal for immediate market value and suburb performance, or request an in-depth Agent Appraisal from our experienced local Woodards professionals.
No obligation. No pressure. Just clarity.
Find Essendon’s Best Real Estate Agents at Woodards
All of our agents have the experience and local knowledge to guide you
Whether selling or investing, an appraisal of value will give you the confidence to make an informed decision
Switch to Woodards Property Management
