Warrigal Road, Malvern East ranked Melbourne's weekend cheapest apartment
Jonathan ChancellorOctober 11, 2015
Melbourne had five weekend apartment sales under $275,000 at weekend auction.
The cheapest was $200,500 at Malvern East, according to the REIV.
The 3/780 Warrigal Road property was being quoted as set to sell for $200,000 plus through Woodards.
It was an unrenovated one bedroom apartment offered under executor instructions.
The next cheapest was 2/28 Codrington Street, Cranbourne which sold at $220,000.
The price guidance was $200,000 plus.
Student accomodation at 104/51 Rathdowne Street, Carlton fetched $236,500.
Dingle Partners advised it was presently returning $14,300pa, reflecting six percent gross rental yield.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
