We recently secured this property for one of our clients.
$370,000 purchase with comparable properties selling for $380,000-$390,000. Rental appraisal of $390 a week making this a 5.48% yield.
We were able to negotiate a massive $15,000 off the purchase price of $370,000 based on the pest and building report. This means our client has $15,000 to put into adding value more value to the property.
3 bedroom 1 bathroom 2 garage on a large 622m2 block. In a quiet cul-de-sac.