Median sale price for houses in Clayton is $1,152,500, up 5.7% from last year.
Median sale price for units in Clayton is $570,500, down 4.8% from last year.
Properties sold for houses in Clayton is 196, up 18.8% from last year.
Properties sold for units in Clayton is 183, down 16.8% from last year.
Auction clearance for houses in Clayton is 73.9%, up 4.6% from last year.
Auction clearance for units in Clayton is 80.3%, up 2.2% from last year.
Av days on market for houses in Clayton is 44, down 21.4% from last year.
Av days on market for units in Clayton is 40, down 18.4% from last year.
Good property management should remove uncertainty, not create more of it.
If you're considering engaging a property manager, one of the first questions you're likely to ask is: how much does property management actually cost?
Owning an investment property and owning a good investment property are not necessarily the same thing. It’s an important distinction, and one that property investors should revisit regularly.
The Reserve Bank's decision to leave the cash rate on hold at 4.35 per cent is welcome news for buyers, sellers and businesses alike. While it's not a silver bullet for Melbourne's property market, it should provide some reassurance that the aggressive phase of the interest rate tightening cycle may be easing.
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