Friday form guide: Yields of up to 6.1% in Dandenong North

42 Apex Street, Dandenong North, Vic 3175

This four-bedroom house in the centre of Dandenong North is within close proxminity of the Monash and EastLink freeways, Dandenong Market and shops. It is solar powered and has polished floorboards. McDonald Real Estate agent Harry Li says it could be expected to rent for $350 per week. 

Li is marketing the property with price hopes of $300,000 plus, and if it sells for that price and is rented for $350 that would secure an investor a gross rental yield of 6.1%, well above the gross rental yield for Dandenong North houses of 4.4%, 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. 

The median house price in Dandenong North fell 7.4% in the past year but rose 45.9% in the past five years, according to RP Data.

Washington Brown estimates the first-year tax depreciation deduction to be $5,000 and over five years to be $10,000.

The property will be open for inspection Saturday, August 11 at 2pm and will go to auction Saturday, September 1 at 2.30pm.

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