Median sale price for houses in St Albans is $725,000, up 6.6% from last year.
Median sale price for units in St Albans is $539,000, up 2.7% from last year.
Properties sold for houses in St Albans is 489, down 11.7% from last year.
Properties sold for units in St Albans is 159, down 1.9% from last year.
Auction clearance for houses in St Albans is 75.6%, up 11.6% from last year.
Auction clearance for units in St Albans is 45.8%, down 42.7% from last year.
Av days on market for houses in St Albans is 36, down 28.0% from last year.
Av days on market for units in St Albans is 33, down 15.4% 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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