Median sale price for houses in Mitcham is $1,210,000, up 4.6% from last year.
Median sale price for units in Mitcham is $757,000, up 0.1% from last year.
Properties sold for houses in Mitcham is 216, down 3.1% from last year.
Properties sold for units in Mitcham is 78, down 23.5% from last year.
Auction clearance for houses in Mitcham is 68.5%, down 9.1% from last year.
Auction clearance for units in Mitcham is 66.0%, down 4.1% from last year.
Av days on market for houses in Mitcham is 36, up 12.5% from last year.
Av days on market for units in Mitcham is 30, down 28.6% 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.
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