Friday Form Guide: Yields of up to 6.6% in Norlane

17 Dunloe Avenue, Norlane, VIC, 3214

This three-bedroom, one-bathroom house in the Geelong suburb of Norlane is currently tenanted at $280 per week. The property has been recently renovated and has a new laundry, new wardrobes, new roof, insulation, plumbing and wiring, and new carpets and paint job. It is 400 metres to Norlane Primary School and within walking distance of Bell Post Shopping Centre and a leisure centre. Fletchers Geelong agent Duncan Skene is marketing the property with price hopes of $220,000 plus, and if it had sold at that price that would have been a gross rental yield of 6.6%, considerably higher than the indicative gross rental yield for houses in Norlane of 5.8%, according to RP Data. The gross rental yield does not consider the costs of maintaining the property, including council rates and other fees such as water bills and managing agent fees. The property was passed in on a vendor's bid of $255,000 on Saturday, September 10.

For more information about prices and yields in Norlane, see the RP Data suburb page.

For other investment prospects going to auction this weekend, see pages 2 and 3.

6A Arthur Street, Belmont,VIC, 3216

This three-bedroom property in the inner-Geelong suburb of Belmont could appeal to investors, as it is tenanted at $280 per week until July 2012. It is close to parkland and five kilometres from Geelong CBD. Barry Plant South Barwon agent Nathan Ashton is marketing the property with $270,000 plus hopes. If it sells for $270,000 that would mean a gross rental yield of 5.4%, well above the indicative gross rental yield for houses in Belmont of 4.8%, according to RP Data. The gross rental yield does not consider the costs of maintaining the property, including council rates and other fees such as water bills and managing agent fees. The property will go to auction on Saturday, September 10 at 1.30pm.

For more information about indicative gross rental yields and prices in Belmont, see the RP Data suburb page.

48 South Kiama Road, Kiama Heights, NSW, 2533

A rental assessment of this two-bedroom property by selling agent Angela Bennett of LJ Hooker Kiama estimates that this property could be rented out for between $320 and $330 per week. Bennett is marketing the property with price hopes of $340,000 plus, and if it sells for $340,000 and is rented for $330 a week, that would equate to a rental yield of 5.7%, far higher than the indicative gross rental yield for Kiama Heights of 4.6%, according to RP Data. The gross rental yield does not consider the costs of maintaining the property, including council rates and other fees such as water bills and managing agent fees. This property goes to auction on Saturday, September 10 at 2pm.

For more information about gross rental yields and prices in Kiama Heights, see the RP Data suburb page.