Median sale price for houses in West Melbourne is $1,295,000, up 8.8% from last year.
Median sale price for units in West Melbourne is $550,000, up 6.8% from last year.
Properties sold for houses in West Melbourne is 38, up 15.2% from last year.
Properties sold for units in West Melbourne is 301, up 0.0% from last year.
Auction clearance for houses in West Melbourne is 65.6%, up 43.2% from last year.
Auction clearance for units in West Melbourne is 47.6%, down 23.8% from last year.
Av days on market for houses in West Melbourne is 53, down 32.1% from last year.
Av days on market for units in West Melbourne is 45, down 10.0% from last year.
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.
Melbourne is absolutely abuzz in September when finals footy starts up. This year it’s bigger than ever, thanks to the shake up of the new wildcard rounds.
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