Friday form guide: Yields of up to 7% in Dharruk

43 Eloura Diver, Dharruk, NSW, 2770

The current tenants of this three-bedroom house are paying $350 per week, which listing agent Terry Harris of RealEstateOne says is at market rent for the area. The tenants are on a month-to-month lease but are keen to stay on. The brick veneer house is within walking distance of a shopping centre and is close to Chiffley College and Chiffley Primary School.

Harris is marketing the property with price hopes of $260,000 plus, and if it sells for that price, that would secure an investor a gross rental yield of 7% at its current rent, above the gross rental yield for Dharruk houses of 6.2%, 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.

The median house price in Dharruk  fell 0.2% in the past year but rose 17% in the past five years, according to RP Data.

Washington Brown estimates the first-year tax depreciation deduction to be $4,000 and over five years to be $8,000.

The property will go to auction Saturday, August 25 at noon.

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

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

13/30 Kelvinside Road, Noble Park, VIC, 3174

Within walking distance of the Noble Park train station, this two-bedroom apartment has recently been renovated and has new paint, carpet, curtains and tiles. It is currently vacant, but listing agent Adrees Ezadyar of Ray White says it could be expected to rent for about $260 per week. 

Ezadyar is marketing the property with price hopes of $190,000 plus, and if it sells for that price it would secure an investor a gross rental yield of 7.1%, well above the gross rental yield for Noble Park units 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 $3,000 and over five years to be $6,000.

The median unit price in Noble Park fell 6.5% in the past year but rose 41.5% in the past five years, according to RP Data.

The property will go to auction Saturday, August 25 at 1pm.

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