Friday form guide: Yields of up to 5.6% in Fairfield

11a Noelene Street, Fairfield West, NSW 2165

On a cul-de-sac with easy access to Fairfield Shopping Centre, this three-bedroom house is tenanted on a month-to-month basis for $420 per week, which listing agent Graham Ball of Ray White says is at market rent for the area. It was recently renovated and includes a study, which could be used as a fourth bedroom. 

Ball is marketing the property with price hopes "towards $400,000", and if it sells for $390,000 it would secure an investor a gross rental yield of 5.6%, above at the median gross rental yield for Fairfield houses of 5%, 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 $5,000 and over five years to be $11,000.

The median house price in Fairfield fell 1.2% in the past year but rose 29.9% in the past five years, according to RP Data.

The property will be open for inspection Saturday, September 15 at 1pm and will go to auction Wednesday, September 26 at 6.30pm.

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

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

3/32 Sutherland Street, Hadfield, Vic, 3046

This three-bedroom Hadfield house includes polished floorboards, a diswhasher and high ceilings, and it is currently tenanted on a month-to-month basis at $1,452 per month. The tenants are keen to stay on, says listing agent Andrew Mizzi from Ray White. The house is so new it is still under the builder's warranty. 

Mizzi is marketing the property with price hopes of $300,000 plus, and if it sells for that price, that would secure an investor a gross rental yield of 5.8% at its current rent, well above the gross rental yield for Hadfield houses of 3.9%, 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 $9,000 and over five years to be $34,000.

The median house price in Hadfield fell 14.8% in the past year but rose 52.8% in the past five years, according to RP Data.

The property will be open for inspection on Saturday, September 15 at 4pm and will go to auction on Saturday, October 6 at 11am.

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