Median sale price for houses in Port Melbourne is $1,525,058, down 5.0% from last year.
Median sale price for units in Port Melbourne is $720,000, up 6.7% from last year.
Properties sold for houses in Port Melbourne is 186, down 11.0% from last year.
Properties sold for units in Port Melbourne is 263, down 19.8% from last year.
Auction clearance for houses in Port Melbourne is 47.1%, down 33.2% from last year.
Auction clearance for units in Port Melbourne is 42.5%, down 34.3% from last year.
Av days on market for houses in Port Melbourne is 45, up 18.4% from last year.
Av days on market for units in Port Melbourne is 43, down 12.2% 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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