Friday Form Guide: Yields of up to 5.8% in Oakleigh

This one-bedroom unit is currently leased until April 2012 at $1,260 per month.It includes a modern kitchen, a generous well styled bathroom, reverse cycle air-conditioning, dishwasher, European laundry, secure parking, storage cage and a private courtyard.

Ray White agent Gareth Apswoude is marketing the property with price hopes of $260,000 plus, which would secure an investor a gross rental yield of 5.8%, much higher than the indicative gross rental yield of 4.7% for Oakleigh units, 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 $8,000 and over five years to be $28,000.

The median unit price for Oakleigh fell by 10.4% in the past year, according to RP Data.

The property will be open for inspection on Saturday, February 18 at 11am and will go to auction on Tuesday, February 28 at 6m.

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

For another investment prospect open for inspection this weekend, see page 2.

61 Bull Street, Cooks Hill, NSW, 2300

This three-bedroom house is currently tenanted at $370 per week, though the lease is expired. Walkom agent Kate Rundle is marketing the property with price hopes of $450,000 plus, which would secure an investor a gross rental yield of 4.3%, about at the indicative gross rental yield of 4.2% for Cooks Hill houses, 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. Council rates are $1,439 per year and water rates are $660 per year plus usage. The property is close to restaurants and parks and includes a large courtyard.

Washington Brown estimates the first-year tax depreciation deduction to be $3,000 and over five years to be $8,000.

The median price for Potts Point units went down 2.9% in the past year, according to RP Data.

The property is open for inspection on Saturday, February 18 at 2pm and will go to auction on Saturday, March 3 at noon.

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