Weekend yield watch : Yields of up to 6.1% in Kambah

54/25 Pinkerton Circuit, Kambah, ACT

This unit in the Canberra suburb of Kambah includes two bedrooms, one bathroom and an all-important car space. Listing agent Dan Cooper from LJ Hooker Tuggeranong says it was previously tenanted and it could be expected to fetch between $330 and $350 per week in rent. Cooper is marketing the property with price hopes of $299,000 plus. If it sells for $299,000 and is rented at $350 per week that would secure an investor a gross rental yield of 6.1%, higher than the indicative gross rental yield for Kambah units 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. Washington Brown estimates the first-year tax depreciation deduction to be $2,500 and over five years $7,000. The property was passed in at auction on Saturday, October 15 with no bids.

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

6/22 Buckingham Street, Lara, VIC

This two-bedroom property is currently tenanted at $255 per week and is within walking distance of transport and shops. Ray White agent Michael Stevenson is marketing it with price hopes of $235,000 plus. If it sells at $235,000 it would secure an investor a gross rental yield of 5.6%, which is at the indicative gross rental yield for Lara, according 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. Washington Brown estimates the first-year tax depreciation deduction to be $8,000 and over five years $22,000. The property has been withdrawn from action but is still for sale. 

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

2 Heininger Street, Dapto, NSW

This dual-occupancy house is currently tenanted at a combined $520 per week from the three-bedroom front half and two-bedroom back half. Listing agent Jeremy Tillman from PRDnationwide Dapto is marketing the property with price hopes of $330,000 plus. If it sells for $330,000 that would reflect a gross rental yield of 8.2%, far higher than the indicative gross rental yield for Dapto houses of 5.4%, 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.  Washington Brown estimates the first-year tax depreciation deduction to be $3,500 and over five years to be $8,500. The property went to auction on Saturday, October 15 at 10am but the result is yet unknown.

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