Friday form guide: Yields of up to 6.9% in Gunnedah

This could be a two-in one investment, with two two-bedroom units on one title. They are both recently renovated and are rented out for $200 each. The tenants are on month-to-month leases, and Gunnedah First National agent Mike Brady says they could return $240 per week. The property is close to downtown Gunnedah, and both units include their own carports. 

Brady is marketing the property with price hopes of $360,000 plus, and if it sells for $360,000 that would secure an investor a gross rental yield of 5.8% at its current rental, below the gross indicative yield of 6.3% for Gunnedah units, according to RP Data. If both units were rented at $240, that would secure an investor a gross rental yield of 6.9% 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 unit price in Gunnedah fell 2.9% in the past year, according to RP Data.

Washington Brown estimates the first-year tax depreciation deduction to be $4,000 and over five years to be $9,000.

The property will be open for inspection Saturday, June 9 at 10am and will go to auction Thursday, July 12 at 4pm.

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

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

2 Tattler Court, Point Cook, VIC, 3030

The tenants of this four-bedroom Poink Cook house are paying $320 per week and are on a lease until April 2013. The property is close to Sanctuary Lakes Shopping Centre, schools, parks and public transport and is at the end of a quiet cul-de-sac. 

Little Residential agent Mark Clayton is marketing the property with price hopes of $370,000 plus, and if it sells for that price that would secure an investor a gross rental yield of 5.8%. This is significantly above the indicative gross rental yield for Point Cook houses of 4.2%, 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 $10,000 and over five years to be $31,000.

The property will be open for inspection Saturday, June 9 at 10am and will go to auction Saturday, June 16 at 11.30am.

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