Median sale price for houses in Rye is $945,000, up 1.9% from last year.
Median sale price for units in Rye is $553,750
Properties sold for houses in Rye is 281, down 18.1% from last year.
Properties sold for units in Rye is 16, up 77.8% from last year.
Auction clearance for houses in Rye is 72.2%, up 54.1% from last year.
Auction clearance for units in Rye is 100.0%, up 0.0% from last year.
Av days on market for houses in Rye is 47, down 19.0% from last year.
Av days on market for units in Rye is 27
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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