Weekend Yield Watch: Yields of up to 5.6% in Noble Park

Weekend Yield Watch: Yields of up to 5.6% in Noble Park
Cassidy KnowltonDecember 8, 2020

1/41 Alamein Street, Noble Park, VIC, 3174

This tenanted two-bedroom unit in Noble Park is currently leased at $520 per fortnight. The tenant is on an expired lease but is keen to stay, and this property could be a good investment. Hall and Partners First National agent Ian Kerezovic is marketing the property with price hopes of $240,000 plus. If it sells for $240,000 that would be a gross rental yield of 5.6%, higher than the indicative gross rental yield of 4.8% for Noble Park units, 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 property is within walking distance of the train station. Washington Brown estimates the first-year tax depreciation deduction to be $3,000 and over five years to be $8,000. The property was passed in at auction on a vendor bid of $220,000 on Saturday, November 12.

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

For more investment prospects going to auction this weekend, see pages 2 and 3.

 


6/7 Reynolds Street, Cremorne, NSW, 2090


A short walk from shops and transport, this one-bedroom unit comes with a rare car space. It is currently leased to tenants paying $380, and although the lease is expired, the tenants would like to stay on. Total Realty First National Crows Nest agent Greg Lambert was marketing the property with price hopes in the "early $400,000s", according to the agency. If it sold for $410,000 that would secure an investor a gross rental yield of 4.8%, higher than the indicative gross rental yield for Cremorne units 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. The unit includes a balcony and a car space. Washington Brown estimates the first-year tax depreciation deduction to be $4,000 and over five years to be $9,000. The property was sold for an undisclosed price.

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

 


46 Greenacre Road, Greenacre, NSW, 2190


This two-bedroom house was recently rented at $470 per week. Ian McGuire of The Professionals Greenacre marketed the property pre-auction with price hopes of $470,000 plus, and if it were to sell at that price it would secure an investor a gross rental yield of 5.2%, higher than the indicative gross rental yield for Greenacre houses of 4.8%, 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. It includes a sunroom or potential third bedroom. Washington Brown estimates the first-year tax depreciation deduction to be $3,000 and over five years to be $7,000. The house was passed in at auction for $470,000 on Saturday, November 12.

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

 

Editor's Picks

Why the investment potential at Elevate Hume Place above Crows Nest Metro is proving too good to miss
Aria to move ahead with bulked-up 'Urban Forest' apartment development in South Brisbane
Surry Hills Village completes with just a handful of apartments remaining
Victoria & Albert's unique appeal to downsizers, holiday-makers and investors in the heart of Broadbeach
City Beat October 2024: Units fare better than houses in soft Melbourne property market