Median sale price for houses in Capel Sound is $748,500, up 3.6% from last year.
Median sale price for units in Capel Sound is $584,000, down 0.3% from last year.
Properties sold for houses in Capel Sound is 121, up 3.4% from last year.
Properties sold for units in Capel Sound is 35, up 40.0% from last year.
Auction clearance for houses in Capel Sound is 72.7%, up 45.5% from last year.
Av days on market for houses in Capel Sound is 28, down 36.4% from last year.
Av days on market for units in Capel Sound is 43, down 23.2% from last year.
$748,500
Buying an investment property is exciting. Between finance, contracts, building inspections and settlement, there is a lot happening in a relatively short period of time.
A residential rental provider can increase the rent in Victoria, but increasing the rent is no longer as simple as choosing a new weekly amount and giving the renter notice.
When a renter gives notice that they are moving out, it starts one of the most important periods in the management of an investment property.
The Reserve Bank’s decision to lift the cash rate by 25 basis points to 4.6 per cent is not ideal as Melbourne moves through the middle of its spring selling season and will place further pressure on household budgets.
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