Friday form guide: Yields of up to 5.3% in Kingsford

2/48 Willis Street, Kingsford, NSW, 2032

The tenant of this two-bedroom unit is paying $520 per week and is on a lease until November this year. The property is close to shops, restaurants, cafes, public transport, the University of NSW and beaches, and both bedrooms have built-in wardrobes. 

LJ Hooker agent Anthony Rizzo is marketing the property with price hopes in the "early $500,000s", and if it sells for $510,000 that would secure an investor a gross rental yield of 5.3%, substantially above the median indicative gross rental yield of 4.6% for Kingsford 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 $5,500 and over five years to be $16,500.

The median unit price in Kingsford rose by 3.5% in the past year, according to RP Data.

The property will go to auction on Thursday, April 26 at 6.30pm and is open for inspection Saturday, April 14 at 1pm.

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

For another investment prospect going to auction this weekend, see page 2.

14/13 Ormond Road, West Footscray

The tenant of this one-bedroom West Footscray unit is paying $802 per month and is on an expired lease. The property includes a laundry and has a car park on its title. 

Sweeney Real Estate agent Ruby Sweeney is marketing the property with price hopes of $180,000 plus, and if it sells for that price at its current rent it would secure an investor a gross rental yield of 5.4%, well above the indicative gross rental yield of 4.1% for West Footscray 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. The median asking rent for West Footscray is $260 per week, or $1,127 per month.

Washington Brown estimates the first-year tax depreciation deduction to be $4,500 and over five years to be $12,500.

The median unit price in West Footscray rose 10.5% in the past year, according to RP Data.

The property will be open for inspection on Saturday, April 14 at 1.30pm and will go to auction on Saturday, May 12 at noon.

For more about prices and yields in West Footscray see the RP Data suburb page.