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3.7% yield for a unit in Box Hill is shocking. Does the unit have big land content? Could you do it up to improve rental yield to 5% (i.e. 330 to 350 pw)? As an investor my aim is 5% yield for unit, and 4% for houses. The properties in Hawthorn, I presume the prices of $450-530k are units...

Low to mid 4% gross. However, given the age of the building, the depreciation won't be much. Holding cost would be significant. I would imagine most of us, if you're investing in units/apartments, a minimum yield of 5% is almost required. In comparison, lots of apartments in inner Sydney...

I too paid some interest to this property. However, the garage arrangement is a real mess. The garages are too small, so all the unit residents just park their cars at 45 degree angle on the driveway. This is just unacceptable for an apartment asking for 700k, even if it is in Toorak...