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

Friday Form Guide: Yields of up to 6.6% in Pyrmont
Cassidy KnowltonDecember 8, 2020

105/152 Bulwara Road, Pyrmont, NSW, 2009


This three-bedroom, two-bathroom property is leased until February 2012 at $840 per week, so it could be a good prospect for an investor. The 160-square-metre unit in the inner-Sydney suburb of Pyrmont includes a wrap-around balcony and access to a shared indoor swimming pool, barbecue and rooftop garden. McGrath Edgecliff agent Wayne Walter is marketing the property with $650,000-plus hopes. If it sells for $650,000 that would be a rental yield of 6.7%, far higher than the indicative gross rental yield for units in Pyrmont 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 administration fee for this property is $1,098 per quarter, and the sinking fee is $283 per quarter. The property will go to auction on Saturday, September 17 at 2.30pm.

For more on indicative gross rental yields in Pyrmont, visit the RP Data suburb page.

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

 


 

3/61 Little Oxford Street, Collingwood, VIC, 3066

This inner-Melbourne property is tenanted until January 2012 at $410 per week, so it could be a good prospect for an investor. The two-bedroom, one-bathroom unit comes with a car parking space and includes a European-style laundry. Paul Markovic of Peter Markovic Real Estate is marketing the property with price hopes of $450,000 plus. If it sells at $450,000 this would mean a rental yield of 4.7%, about the same as the indicative gross rental yield for units in Collingwood 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. This property goes to auction on Saturday, September 17 at 11am. 

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

 


 

107/64 Wellington Street, St Kilda, VIC, 3182


This one-bedroom apartment in inner-Melbourne suburb St Kilda is tenanted at $300 per week until January 2012. It includes a car space and access to a communal rooftop. Run Property agent Carol Hayes is marketing the property with price hopes of $300,000 plus. If it sells for $300,000, that would be a gross rental yield of 5.2%, much higher than the indicative gross rental yield of 4.1% for units in St Kilda, 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 goes to auction on Saturday, September 17 at 11am.

For more information about gross rental yields and prices in St Kilda, visit the RP Data suburb page.

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